TransAlta (TSE:TA) Upgraded to Moderate Buy at Desjardins

TransAlta (TSE:TA) (NYSE:TAC) was upgraded by Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Several other research firms also recently weighed in on TA. CIBC dropped their target price on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets raised their target price on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. TD Securities boosted their price target on TransAlta from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, National Bankshares lifted their target price on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$15.50.

TransAlta Stock Up 3.9 %

Shares of TransAlta stock opened at C$14.60 on Tuesday. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$14.73. The firm’s 50 day moving average price is C$13.14 and its 200-day moving average price is C$10.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The company has a market cap of C$4.35 billion, a P/E ratio of 7.68, a PEG ratio of -0.07 and a beta of 0.93.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The business had revenue of C$582.00 million during the quarter.

Insider Transactions at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$11.45, for a total value of C$114,500.00. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total transaction of C$536,674.67. Insiders have sold 120,217 shares of company stock valued at $1,397,220 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

About TransAlta

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.