TransAlta (TSE:TA) Announces Earnings Results

TransAlta (TSE:TA) (NYSE:TAC) posted its earnings results on Friday. The company reported C($0.06) earnings per share for the quarter, FiscalAI reports. TransAlta had a return on equity of 12.03% and a net margin of 7.49%.The company had revenue of C$712.00 million for the quarter.

TransAlta Price Performance

Shares of TSE TA opened at C$18.75 on Friday. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The stock has a market capitalization of C$5.56 billion, a price-to-earnings ratio of -29.30, a PEG ratio of -0.07 and a beta of 0.57. The firm’s 50 day simple moving average is C$17.69 and its 200-day simple moving average is C$19.09. TransAlta has a 12 month low of C$11.16 and a 12 month high of C$25.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TA shares. Jefferies Financial Group decreased their price objective on shares of TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. Desjardins decreased their price target on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Tuesday, February 10th. ATB Cormark Capital Markets boosted their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Canadian Imperial Bank of Commerce upped their target price on TransAlta from C$25.00 to C$26.00 in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada raised their target price on TransAlta from C$20.00 to C$24.00 in a research note on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$24.13.

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.