Brokerages Set TransAlta Co. (TSE:TA) PT at C$18.36

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

Several equities analysts have weighed in on the stock. Cibc World Mkts upgraded shares of TransAlta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Desjardins lifted their price target on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. TD Securities increased their price objective on TransAlta from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. CIBC upgraded TransAlta from a “neutral” rating to an “outperform” rating and dropped their target price for the company from C$23.00 to C$19.50 in a report on Tuesday, February 18th. Finally, Scotiabank cut shares of TransAlta from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$19.00 to C$21.00 in a report on Thursday, January 30th.

Insider Transactions at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$19.41, for a total value of C$194,100.00. Also, Director John Harry Kousinioris sold 35,179 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total transaction of C$729,260.67. Insiders have sold a total of 45,184 shares of company stock worth $923,432 in the last 90 days. 0.21% of the stock is owned by insiders.

TransAlta Stock Performance

TransAlta stock opened at C$13.46 on Wednesday. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market cap of C$4.04 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$21.22. The firm’s 50 day simple moving average is C$16.72 and its 200-day simple moving average is C$15.54.

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.