TransAlta (TSE:TA) (NYSE:TAC) had its target price lifted by investment analysts at CIBC from C$9.00 to C$10.00 in a report issued on Friday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 11.36% from the company’s current price.
A number of other research firms have also recently commented on TA. Royal Bank of Canada boosted their target price on shares of TransAlta from C$9.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 26th. TD Securities boosted their target price on shares of TransAlta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Thursday, February 28th. BMO Capital Markets boosted their target price on shares of TransAlta from C$9.00 to C$10.00 in a research report on Tuesday, March 26th. National Bank Financial raised shares of TransAlta from a “sector perform” rating to an “outperform” rating and set a C$8.00 target price on the stock in a research report on Wednesday, January 23rd. Finally, CSFB raised shares of TransAlta from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$7.00 to C$10.00 in a research report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. TransAlta has a consensus rating of “Hold” and an average target price of C$10.67.
TA traded down C$0.02 during trading on Friday, hitting C$8.98. 495,900 shares of the company’s stock were exchanged, compared to its average volume of 761,443. The company has a quick ratio of 0.82, a current ratio of 1.50 and a debt-to-equity ratio of 79.03. TransAlta has a 1 year low of C$5.44 and a 1 year high of C$10.14. The company has a market cap of $2.57 billion and a P/E ratio of -10.39.
TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings data on Wednesday, February 27th. The company reported C($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.53). The business had revenue of C$622.00 million for the quarter. Research analysts anticipate that TransAlta will post -0.109999996353591 earnings per share for the current year.
In other news, Director Dawn Lorraine Farrell bought 12,100 shares of TransAlta stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of C$10.01 per share, with a total value of C$121,121.00. Following the completion of the transaction, the director now owns 108,314 shares in the company, valued at approximately C$1,084,223.14.
TransAlta Company Profile
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
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