TransAlta (TSE:TA – Free Report) (NYSE:TAC) had its price target lowered by CIBC from C$18.50 to C$16.00 in a research note released on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
Several other brokerages have also weighed in on TA. Royal Bank of Canada cut their target price on TransAlta from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Monday, February 26th. National Bankshares cut their price target on TransAlta from C$14.00 to C$13.00 and set an outperform rating on the stock in a research report on Tuesday, January 30th. TD Securities cut their price target on TransAlta from C$15.00 to C$14.00 and set a buy rating on the stock in a research report on Monday, February 26th. Finally, BMO Capital Markets cut their price target on TransAlta from C$17.00 to C$16.00 and set an outperform rating on the stock in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of C$15.55.
Get Our Latest Research Report on TA
TransAlta Price Performance
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C$0.18 by C($0.45). TransAlta had a return on equity of 43.58% and a net margin of 20.71%. The business had revenue of C$624.00 million for the quarter. Analysts anticipate that TransAlta will post 0.4700714 earnings per share for the current fiscal year.
TransAlta Company Profile
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.
See Also
- Five stocks we like better than TransAlta
- How to Calculate Stock Profit
- MarketBeat Week in Review – 4/15 – 4/19
- 3 REITs to Buy and Hold for the Long Term
- Comprehensive Analysis of PayPal Stock
- 3 Monster Growth Stocks to Buy Now
- Intuitive Surgical Stock Can Trend Much Higher This Year
Receive News & Ratings for TransAlta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta and related companies with MarketBeat.com's FREE daily email newsletter.