Jefferies Financial Group Cuts TransAlta (TSE:TA) Price Target to C$22.00

TransAlta (TSE:TA) (NYSE:TAC) had its price objective trimmed by Jefferies Financial Group from C$27.00 to C$22.00 in a report released on Wednesday morning,BayStreet.CA reports.

TA has been the subject of a number of other reports. Royal Bank Of Canada upped their target price on TransAlta from C$20.00 to C$24.00 in a research report on Monday, November 10th. ATB Capital boosted their price objective on TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. TD Securities upped their price objective on TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Scotiabank raised their target price on TransAlta from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Natl Bk Canada lowered TransAlta from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.50.

TransAlta Stock Up 1.2%

TransAlta stock opened at C$17.41 on Wednesday. The stock has a market cap of C$5.17 billion, a price-to-earnings ratio of -27.20, a PEG ratio of -0.07 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. The company’s 50-day moving average price is C$18.38 and its two-hundred day moving average price is C$18.78. TransAlta has a 52 week low of C$11.16 and a 52 week high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$674.00 million during the quarter. TransAlta had a return on equity of 12.03% and a net margin of 7.49%.

TransAlta Company Profile

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.