TransAlta Co. (TSE:TA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$24.50.

A number of analysts have recently weighed in on the company. ATB Capital increased their price objective on TransAlta from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. National Bankshares increased their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. Scotiabank raised their price target on shares of TransAlta from C$23.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. TD Securities upped their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, CIBC increased their target price on shares of TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th.

TransAlta Stock Up 0.7%

Shares of TSE:TA opened at C$18.87 on Friday. The stock has a market capitalization of C$5.60 billion, a P/E ratio of -29.48, a price-to-earnings-growth ratio of -0.07 and a beta of 0.60. The stock’s 50-day moving average price is C$18.27 and its 200-day moving average price is C$18.88. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. TransAlta has a 12-month low of C$11.16 and a 12-month high of C$25.03.

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

About TransAlta

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.