TransAlta (TSE:TA) Given New C$18.00 Price Target at Desjardins

TransAlta (TSE:TA) (NYSE:TAC) had its price objective cut by stock analysts at Desjardins from C$19.00 to C$18.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 1.12% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Scotiabank boosted their target price on shares of TransAlta from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. TD Securities increased their price objective on TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Royal Bank Of Canada raised their target price on shares of TransAlta from C$20.00 to C$24.00 in a research note 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. Finally, Jefferies Financial Group cut their target price on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$24.13.

TransAlta Stock Down 3.5%

Shares of TransAlta stock traded down C$0.64 during trading hours on Tuesday, hitting C$17.80. 436,891 shares of the company’s stock traded hands, compared to its average volume of 1,170,542. The company has a market cap of C$5.28 billion, a PE ratio of -27.81, a PEG ratio of -0.07 and a beta of 0.57. TransAlta has a twelve month low of C$11.16 and a twelve month high of C$25.03. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The stock has a 50 day simple moving average of C$17.94 and a 200-day simple moving average of C$18.96.

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

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.