Desjardins Cuts TransAlta (TSE:TA) Price Target to C$18.00

TransAlta (TSE:TA) (NYSE:TAC) had its price objective lowered by Desjardins from C$19.00 to C$18.00 in a research report released on Tuesday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

A number of other research analysts have also recently weighed in on the stock. TD Securities boosted their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. ATB Capital increased their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Jefferies Financial Group decreased their price objective on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Finally, Natl Bk Canada lowered TransAlta from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.13.

TransAlta Stock Performance

TransAlta stock opened at C$18.16 on Tuesday. The company’s 50-day moving average price is C$17.84 and its 200-day moving average price is C$18.96. TransAlta has a twelve month low of C$11.16 and a twelve month high of C$25.03. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The company has a market cap of C$5.39 billion, a PE ratio of -28.38, a price-to-earnings-growth ratio of -0.07 and a beta of 0.57.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$674.00 million during the quarter. TransAlta had a net margin of 7.49% and a return on equity of 12.03%.

TransAlta Company Profile

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.