TransAlta (TSE:TA) Given New C$24.00 Price Target at National Bank Financial

TransAlta (TSE:TA) (NYSE:TAC) had its price target hoisted by research analysts at National Bank Financial from C$22.00 to C$24.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 22.14% from the company’s previous close.

A number of other research analysts have also commented on the company. ATB Cormark Capital Markets increased their price objective on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Tuesday, March 24th. Desjardins lowered their target price on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Tuesday, February 10th. Finally, TD lowered their target price on TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.67.

TransAlta Stock Performance

Shares of TSE TA remained flat at C$19.65 during mid-day trading on Monday. The stock had a trading volume of 370,038 shares, compared to its average volume of 1,322,900. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20. The stock has a market cap of C$5.85 billion, a PE ratio of -26.20, a PEG ratio of -0.07 and a beta of 0.54. The company’s fifty day moving average is C$17.94 and its two-hundred day moving average is C$18.17. TransAlta has a fifty-two week low of C$13.18 and a fifty-two week high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$560.00 million for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.

Insider Buying and Selling at TransAlta

In other news, insider Michael Politeski acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of C$17.24 per share, with a total value of C$172,400.00. Following the acquisition, the insider owned 55,000 shares of the company’s stock, valued at C$948,200. This trade represents a 22.22% increase in their ownership of the stock. Also, insider Christopher Douglas Fralick sold 36,453 shares of TransAlta stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of C$17.90, for a total value of C$652,508.70. Following the sale, the insider directly owned 46,939 shares in the company, valued at C$840,208.10. The trade was a 43.71% decrease in their position. Insiders have sold 95,953 shares of company stock valued at $1,707,409 in the last 90 days. 0.21% of the stock is currently owned by insiders.

TransAlta Company Profile

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.