TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.
TransAlta Stock Up 2.4 %
TAC stock opened at $9.43 on Monday. The firm has a market cap of $2.85 billion, a PE ratio of 6.08 and a beta of 0.91. TransAlta has a 12 month low of $5.94 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.84 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $8.19 and a 200 day simple moving average of $7.28.
TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The company had revenue of $425.37 million during the quarter. TransAlta had a return on equity of 47.71% and a net margin of 18.41%. During the same quarter last year, the company posted $0.17 EPS. Equities research analysts forecast that TransAlta will post 0.75 earnings per share for the current fiscal year.
Institutional Investors Weigh In On TransAlta
About TransAlta
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
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