TransAlta (TSE:TA) Price Target Raised to C$11.50

TransAlta (TSE:TA) (NYSE:TAC) had its price objective lifted by Credit Suisse Group from C$10.00 to C$11.50 in a research report report published on Wednesday, Stock Target Advisor reports.

A number of other analysts have also recently issued reports on TA. CIBC lifted their price objective on TransAlta from C$8.50 to C$9.50 in a research report on Thursday, April 23rd. AltaCorp Capital reissued an outperform rating on shares of TransAlta in a research report on Monday, July 6th. Finally, CSFB lifted their price objective on TransAlta from C$10.00 to C$11.50 in a research report on Wednesday. Four equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of C$11.64.

Shares of TransAlta stock opened at C$8.76 on Wednesday. The stock has a market cap of $2.42 billion and a PE ratio of 17.11. TransAlta has a 12 month low of C$5.32 and a 12 month high of C$11.23. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 85.58. The business has a fifty day simple moving average of C$8.24 and a 200-day simple moving average of C$8.51.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings data on Tuesday, May 12th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.04). The company had revenue of C$606.00 million during the quarter. Analysts expect that TransAlta will post -0.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.043 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.96%. TransAlta’s dividend payout ratio is currently 31.74%.

TransAlta Company Profile

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.

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