TransAlta Co. (TA) Receives C$8.38 Consensus PT from Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$8.38.

A number of equities analysts have recently weighed in on the company. CIBC increased their target price on TransAlta from C$8.00 to C$8.50 in a research note on Tuesday, August 7th. BMO Capital Markets increased their target price on TransAlta from C$7.50 to C$8.50 in a research note on Tuesday, September 11th. Finally, National Bank Financial increased their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 7th.

TSE:TA opened at C$6.91 on Friday. TransAlta has a 12-month low of C$6.31 and a 12-month high of C$8.18.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings data on Friday, August 3rd. The company reported C($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.36). The business had revenue of C$446.00 million during the quarter, compared to the consensus estimate of C$538.76 million. TransAlta had a negative net margin of 6.46% and a negative return on equity of 4.34%.

In other news, insider Douglas French bought 1,000 shares of the stock in a transaction dated Monday, August 20th. The shares were bought at an average price of C$48.51 per share, for a total transaction of C$48,510.00.

TransAlta Company Profile

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

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Analyst Recommendations for TransAlta (TSE:TA)

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