TransAlta Co. (TSE:TA) Receives C$18.36 Average PT from Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$18.36.

A number of equities analysts recently commented on the stock. TD Securities boosted their target price on shares of TransAlta from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets upped their price objective on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. CIBC upgraded shares of TransAlta from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from C$23.00 to C$19.50 in a research note on Tuesday, February 18th. Desjardins upped their price objective on shares of TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Finally, Scotiabank downgraded shares of TransAlta from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$19.00 to C$21.00 in a research note on Thursday, January 30th.

Insider Transactions at TransAlta

In related news, Senior Officer Jane Nyla Fedoretz sold 3,602 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$18.84, for a total transaction of C$67,861.68. Also, Director John Harry Kousinioris sold 35,179 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$20.73, for a total transaction of C$729,260.67. Over the last quarter, insiders sold 48,786 shares of company stock worth $991,293. Company insiders own 0.21% of the company’s stock.

TransAlta Stock Performance

Shares of TA stock opened at C$13.40 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. The firm has a fifty day moving average price of C$17.02 and a 200 day moving average price of C$15.52. The company has a market cap of C$4.02 billion, a P/E ratio of 19.10, a PEG ratio of -0.07 and a beta of 0.93. TransAlta has a 12 month low of C$8.22 and a 12 month high of C$21.22.

About TransAlta

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.