TransAlta Co. (TSE:TA) Receives C$18.71 Average PT from Analysts

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$18.86.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. CIBC downgraded shares of TransAlta from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$17.00 to C$23.00 in a research note on Wednesday, January 8th. Desjardins increased their price objective on shares of TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. TD Securities increased 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 report on Tuesday. Finally, Scotiabank downgraded shares of TransAlta from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$19.00 to C$21.00 in a research report on Thursday, January 30th.

Insider Buying and Selling

In other news, Director John Harry Kousinioris sold 35,179 shares of TransAlta stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total value of C$729,260.67. Also, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total transaction of C$377,750.00. Over the last quarter, insiders have sold 204,763 shares of company stock worth $3,478,670. Insiders own 0.21% of the company’s stock.

TransAlta Stock Down 1.1 %

TA stock opened at C$14.91 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. The stock has a market cap of C$4.44 billion, a P/E ratio of 7.85, a PEG ratio of -0.07 and a beta of 0.93. The company’s 50 day moving average is C$18.65 and its two-hundred day moving average is C$15.00. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$21.22.

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.