TransAlta Co. (TSE:TA) Stock Has Average Target Price of C$24.61 According to Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$24.61.

Several equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce lowered their price objective on TransAlta from C$26.00 to C$24.50 in a research note on Tuesday, September 22nd. Desjardins increased their price target on TransAlta from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, July 3rd.

Insider Buying and Selling at TransAlta

In other news, insider Michael Politeski purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of C$16.02 per share, with a total value of C$80,100.00. Following the completion of the purchase, the insider directly owned 90,000 shares of the company’s stock, valued at C$1,441,800. The trade was a 5.88% increase in their position. 0.21% of the stock is currently owned by insiders.

TransAlta Price Performance

Shares of TSE:TA opened at C$18.12 on Monday. TransAlta has a fifty-two week low of C$15.62 and a fifty-two week high of C$25.03. The business has a 50-day moving average of C$17.39 and a two-hundred day moving average of C$17.97. The stock has a market capitalization of C$5.73 billion, a P/E ratio of -58.45, a P/E/G ratio of -0.07 and a beta of 0.54. 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 issued its quarterly earnings data on Friday, July 31st. The company reported C$0.18 EPS for the quarter. TransAlta had a negative return on equity of 1.50% and a negative net margin of 1.02%. The business had revenue of C$507.00 million for the quarter.

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.