Brokerages Set TransAlta Co. (TSE:TA) Target Price at C$25.00

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$25.00.

Several brokerages have recently weighed in on TA. National Bank Financial lifted their target price on shares of TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Desjardins increased their price target on shares of TransAlta from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, July 3rd. Scotia set a C$27.00 price target on shares of TransAlta and gave the stock a “sector outperform” rating in a research note on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 price objective on TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, TD set a C$26.00 price objective on TransAlta and gave the company a “buy” rating in a research note on Wednesday, June 10th.

TransAlta Stock Down 1.5%

Shares of TA stock opened at C$17.36 on Wednesday. The stock has a market cap of C$5.49 billion, a P/E ratio of -56.00, a price-to-earnings-growth ratio of -0.07 and a beta of 0.73. TransAlta has a one year low of C$15.62 and a one year high of C$25.03. The stock has a fifty day moving average price of C$18.80 and a 200 day moving average price of C$18.26. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.84 and a quick ratio of 0.61.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings results on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. TransAlta had a negative net margin of 1.02% and a negative return on equity of 1.50%. The firm had revenue of C$507.00 million for the quarter.

Insider Buying and Selling at TransAlta

In related news, insider Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$18.25, for a total value of C$182,500.00. Following the sale, the insider owned 49,906 shares of the company’s stock, valued at C$910,784.50. The trade was a 16.69% decrease in their position. Also, insider Michael Politeski purchased 10,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of C$17.77 per share, for a total transaction of C$177,700.00. Following the completion of the transaction, the insider directly owned 85,000 shares of the company’s stock, valued at approximately C$1,510,450. This trade represents a 13.33% increase in their ownership of the stock. In the last ninety days, insiders purchased 30,450 shares of company stock worth $562,848. 0.21% of the stock is owned by insiders.

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.