TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
TransAlta Stock Performance
NYSE:TAC opened at $10.49 on Wednesday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.75 and a current ratio of 0.84. The stock has a market capitalization of $3.17 billion, a PE ratio of 6.77 and a beta of 0.91. TransAlta has a fifty-two week low of $5.94 and a fifty-two week high of $10.51. The company has a fifty day moving average of $8.56 and a two-hundred day moving average of $7.43.
TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. TransAlta had a net margin of 18.41% and a return on equity of 47.71%. The firm had revenue of $425.37 million during the quarter. During the same quarter last year, the company earned $0.17 EPS. As a group, research analysts forecast that TransAlta will post 0.75 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
About TransAlta
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.
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