FY2017 Earnings Forecast for TransAlta Co. (TA) Issued By National Bank Financial
TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at National Bank Financial decreased their FY2017 EPS estimates for TransAlta in a research note issued to investors on Wednesday. National Bank Financial analyst P. Kenny now forecasts that the company will earn ($0.22) per share for the year, down from their prior estimate of ($0.11). National Bank Financial has a “Sector Perform” rating and a $9.00 price target on the stock. National Bank Financial also issued estimates for TransAlta’s FY2018 earnings at $0.11 EPS.
Separately, Scotiabank set a C$8.00 price target on shares of TransAlta and gave the stock a “sector perform” rating in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of C$8.00.
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TransAlta (TA) opened at C$7.61 on Monday. TransAlta has a 52-week low of C$5.11 and a 52-week high of C$8.38.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, November 30th.
In related news, Director David Lawrence Mowat bought 1,250 shares of TransAlta stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of C$44.75 per share, with a total value of C$55,937.50.
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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