Shares of TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) have received an average recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have covered the stock in the last year is C$15.43.
A number of research analysts recently issued reports on the company. BMO Capital Markets raised their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. National Bankshares raised their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, CIBC reduced their price target on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, July 22nd.
Read Our Latest Stock Analysis on TransAlta
Insider Buying and Selling
TransAlta Trading Up 0.1 %
TSE TA opened at C$12.41 on Wednesday. The firm’s fifty day moving average price is C$11.05 and its 200 day moving average price is C$9.90. TransAlta has a 12 month low of C$8.22 and a 12 month high of C$12.78. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The company has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of -0.07 and a beta of 0.90.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The company had revenue of C$582.00 million for the quarter. On average, sell-side analysts expect that TransAlta will post 0.9761317 earnings per share for the current fiscal year.
TransAlta Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, August 30th. TransAlta’s payout ratio is currently 12.63%.
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.
Read More
- Five stocks we like better than TransAlta
- What to Know About Investing in Penny Stocks
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- CD Calculator: Certificate of Deposit Calculator
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- The Risks of Owning Bonds
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for TransAlta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta and related companies with MarketBeat.com's FREE daily email newsletter.