TransAlta Renewables Inc (TSE:RNW) Given Average Rating of “Hold” by Brokerages

TransAlta Renewables Inc (TSE:RNW) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$13.96.

RNW has been the subject of a number of research reports. CIBC raised their price objective on TransAlta Renewables from C$13.50 to C$14.00 in a research report on Wednesday, October 23rd. TD Securities raised their price objective on TransAlta Renewables from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, November 7th. National Bank Financial raised their price target on TransAlta Renewables from C$13.75 to C$14.25 and gave the stock a “sector perform” rating in a research note on Wednesday, December 4th. Finally, Raymond James reaffirmed a “market perform” rating and set a C$14.50 price target on shares of TransAlta Renewables in a research note on Thursday, November 7th.

TSE RNW traded up C$0.11 during trading on Friday, reaching C$14.91. 320,047 shares of the company’s stock were exchanged, compared to its average volume of 303,200. TransAlta Renewables has a fifty-two week low of C$9.76 and a fifty-two week high of C$15.29. The firm has a market capitalization of $4.05 billion and a PE ratio of 17.56. The company has a current ratio of 1.79, a quick ratio of 0.66 and a debt-to-equity ratio of 39.33. The company’s fifty day simple moving average is C$14.65 and its 200-day simple moving average is C$13.88.

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a dividend of $0.0783 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend was Thursday, November 14th. TransAlta Renewables’s dividend payout ratio (DPR) is presently 110.71%.

TransAlta Renewables Company Profile

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,414 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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