TransAlta Renewables’ (RNW) “Market Perform” Rating Reiterated at Raymond James

Share on StockTwits

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.

TransAlta Renewables (TSE:RNW) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.17 by C($0.05). The business had revenue of C$111.00 million during the quarter, compared to analysts’ expectations of C$108.40 million. As a group, equities research analysts forecast that TransAlta Renewables will post 0.84 EPS for the current fiscal year.

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, Qu├ębec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

See Also: Are we seeing the beginning of a new bubble?

Analyst Recommendations for TransAlta Renewables (TSE:RNW)

Receive News & Ratings for TransAlta Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Renewables and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.