TransAlta Co. (TSE:TA) Given Average Rating of “Moderate Buy” by Analysts

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$24.50.

TA has been the subject of a number of research analyst reports. Natl Bk Canada lowered TransAlta from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Scotiabank increased their price target on TransAlta from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. National Bankshares lifted their price objective on TransAlta from C$18.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. ATB Capital upped their price objective on TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Finally, Desjardins increased their target price on TransAlta from C$16.50 to C$21.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd.

TransAlta Price Performance

TA stock opened at C$17.40 on Friday. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. The company’s fifty day moving average price is C$18.21 and its 200-day moving average price is C$18.89. TransAlta has a one year low of C$11.16 and a one year high of C$25.03. The company has a market capitalization of C$5.16 billion, a PE ratio of -27.19, a price-to-earnings-growth ratio of -0.07 and a beta of 0.60.

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

About TransAlta

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.