TransAlta Co. (TSE:TA) Given Average Rating of “Buy” by Analysts

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have received an average rating of “Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$24.95.

A number of brokerages have commented on TA. Royal Bank Of Canada set a C$24.00 price target on shares of TransAlta and gave the company an “outperform” rating in a research report on Wednesday, June 10th. National Bank Financial upped their price target on shares of TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Desjardins upped their price target on shares of TransAlta from C$18.00 to C$18.50 and gave the company a “hold” rating in a research report on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 price objective on shares of TransAlta and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, TD set a C$26.00 price objective on shares of TransAlta and gave the company a “buy” rating in a research note on Wednesday, June 10th.

Insider Buying and Selling at TransAlta

In related news, insider Michael Politeski purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 19th. The stock was purchased at an average cost of C$19.58 per share, with a total value of C$195,800.00. Following the completion of the purchase, the insider owned 75,000 shares in the company, valued at approximately C$1,468,500. This trade represents a 15.38% increase in their position. Also, insider Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total transaction of C$182,500.00. Following the completion of the sale, the insider directly owned 49,906 shares of the company’s stock, valued at approximately C$910,784.50. This trade represents a 16.69% decrease in their ownership of the stock. Over the last ninety days, insiders acquired 30,450 shares of company stock valued at $557,548 and sold 37,000 shares valued at $660,350. Insiders own 0.21% of the company’s stock.

TransAlta Trading Down 0.1%

TSE TA opened at C$19.57 on Tuesday. The business’s 50-day moving average price is C$18.22 and its two-hundred day moving average price is C$18.02. TransAlta has a 12 month low of C$14.08 and a 12 month high of C$25.03. The firm has a market capitalization of C$6.18 billion, a PE ratio of -26.09, a price-to-earnings-growth ratio of -0.07 and a beta of 0.69. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20.

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

About TransAlta

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.