National Bank Financial Comments on TransAlta Co.’s Q3 2016 Earnings (TA)
TransAlta Co. (TSE:TA) – Equities researchers at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of TransAlta in a report issued on Wednesday. National Bank Financial analyst P. Kenny expects that the brokerage will earn ($0.02) per share for the quarter.
Several other brokerages have also recently commented on TA. CIBC lifted their price objective on shares of TransAlta from C$7.75 to C$8.00 in a research note on Wednesday, July 20th. FirstEnergy Capital lifted their price objective on shares of TransAlta from C$5.25 to C$5.75 in a research note on Wednesday, August 10th. RBC Capital Markets lifted their price objective on shares of TransAlta from C$5.50 to C$6.00 in a research note on Wednesday, August 10th. Scotiabank reiterated an “underperform” rating and issued a C$6.50 target price on shares of TransAlta in a research note on Wednesday, August 10th. Finally, TD Securities decreased their target price on shares of TransAlta from C$7.50 to C$7.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$6.92.
TransAlta (TSE:TA) traded up 1.03% during trading on Friday, reaching $5.86. 180,612 shares of the company traded hands. TransAlta has a 52 week low of $3.60 and a 52 week high of $7.20. The firm has a 50-day moving average price of $5.87 and a 200-day moving average price of $6.26. The company has a market capitalization of $1.69 billion and a P/E ratio of 7.77.
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.
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