Analysts Set TransAlta Co. (TSE:TA) Target Price at C$15.43

TransAlta Co. (TSE:TA) (NYSE:TAC) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is C$15.43.

A number of research analysts have recently commented on the company. BMO Capital Markets upped their price target on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. National Bankshares upped their target price on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, CIBC cut their target price on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research note on Monday, July 22nd.

Insider Buying and Selling at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.30, for a total value of C$467,571.40. In other news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$11.30, for a total transaction of C$467,571.40. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. Insiders have sold 100,217 shares of company stock worth $1,118,820 over the last three months. Company insiders own 0.21% of the company’s stock.

TransAlta Stock Up 2.6 %

Shares of TA stock opened at C$12.84 on Wednesday. The stock’s 50 day simple moving average is C$11.18 and its 200 day simple moving average is C$9.95. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$12.86. The company has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 6.76, a PEG ratio of -0.07 and a beta of 0.90.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$582.00 million during the quarter. As a group, research analysts predict that TransAlta will post 0.4504537 EPS for the current year.

TransAlta Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, August 30th. TransAlta’s dividend payout ratio (DPR) is 12.63%.

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.