Raymond James restated their market perform rating on shares of TransAlta Renewables (TSE:RNW) in a report released on Thursday, BayStreet.CA reports. They currently have a C$14.50 price objective on the stock. Raymond James also issued estimates for TransAlta Renewables’ FY2019 earnings at $0.75 EPS.
Several other equities analysts have also recently commented on the company. National Bank Financial upped their price target on TransAlta Renewables from C$13.00 to C$13.25 and gave the company a sector perform rating in a report on Wednesday, July 10th. CIBC upped their price target on TransAlta Renewables from C$13.50 to C$14.00 in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of C$13.89.
TSE RNW opened at C$14.52 on Thursday. The stock has a 50-day simple moving average of C$13.86 and a 200 day simple moving average of C$13.68. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.90 and a current ratio of 2.10. The stock has a market capitalization of $3.78 billion and a PE ratio of 18.04. TransAlta Renewables has a twelve month low of C$9.76 and a twelve month high of C$14.53.
The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be issued a $0.0783 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.94 annualized dividend and a yield of 6.47%. TransAlta Renewables’s dividend payout ratio (DPR) is 116.77%.
About TransAlta Renewables
TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,414 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.
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