TransAlta (TSE:TA) Stock Price Expected to Rise, TD Securities Analyst Says

TransAlta (TSE:TA) (NYSE:TAC) had its target price hoisted by stock analysts at TD Securities from C$14.00 to C$16.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 9.59% from the company’s previous close.

TA has been the topic of a number of other reports. BMO Capital Markets lifted their price target on shares of TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. National Bankshares lifted their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, CIBC reduced their price target 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. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$15.50.

TransAlta Price Performance

TA opened at C$14.60 on Tuesday. The company has a fifty day moving average price of C$13.08 and a two-hundred day moving average price of C$10.90. 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 52 week low of C$8.22 and a 52 week high of C$14.73. The firm has a market capitalization of C$4.35 billion, a PE ratio of 7.62, a P/E/G ratio of -0.07 and a beta of 0.93.

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

Insider Activity at TransAlta

In related news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of TransAlta stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.30, for a total value of C$467,571.40. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$10.99, for a total transaction of C$536,674.67. In the last ninety days, insiders have sold 120,217 shares of company stock valued at $1,397,220. 0.21% of the stock is owned by corporate insiders.

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.