TransAlta (TSE:TA) Sets New 12-Month Low at $8.22

TransAlta Co. (TSE:TA) (NYSE:TAC) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$8.22 and last traded at C$8.35, with a volume of 377832 shares. The stock had previously closed at C$8.40.

Analyst Ratings Changes

TA has been the subject of a number of recent research reports. Royal Bank of Canada cut their target price on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Monday, February 26th. CIBC lifted their price objective on shares of TransAlta from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, February 26th. BMO Capital Markets decreased their target price on shares of TransAlta from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. National Bankshares dropped their price target on TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Tuesday, January 30th. Finally, TD Securities decreased their price objective on TransAlta from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, TransAlta has an average rating of “Buy” and an average target price of C$15.80.

TransAlta Stock Up 0.1 %

The company has a debt-to-equity ratio of 253.18, a current ratio of 0.91 and a quick ratio of 0.62. The company has a 50-day simple moving average of C$8.99 and a 200-day simple moving average of C$10.17. The firm has a market cap of C$2.59 billion, a PE ratio of 3.61, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89.

TransAlta (TSE:TA) (NYSE:TAC) last posted its quarterly earnings data on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The business had revenue of C$624.00 million for the quarter. Analysts expect that TransAlta Co. will post 0.4700714 earnings per share for the current fiscal year.

TransAlta Company Profile

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.