Analysts Set TransAlta Co. (TSE:TA) PT at C$24.95

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$24.95.

A number of equities analysts have commented on the company. ATB Cormark Capital Markets set a C$28.00 price target on TransAlta and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada set a C$24.00 price target on TransAlta and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. TD set a C$26.00 price target on TransAlta and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Scotia set a C$27.00 price target on TransAlta and gave the stock a “sector outperform” rating in a research note on Wednesday, June 10th. Finally, Scotiabank raised TransAlta to a “strong-buy” rating in a research note on Wednesday, June 10th.

Insider Buying and Selling

In related news, insider Michael Politeski purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were acquired at an average cost of C$19.58 per share, with a total value of C$195,800.00. Following the purchase, the insider directly owned 75,000 shares of the company’s stock, valued at approximately C$1,468,500. This trade represents a 15.38% increase in their ownership of the stock. Also, insider Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$17.45, for a total value of C$174,500.00. Following the transaction, the insider directly owned 74,906 shares in the company, valued at C$1,307,109.70. This trade represents a 11.78% decrease in their ownership of the stock. Over the last ninety days, insiders acquired 30,450 shares of company stock worth $557,548 and sold 25,000 shares worth $445,000. 0.21% of the stock is owned by insiders.

TransAlta Stock Performance

TSE:TA opened at C$19.36 on Tuesday. The business has a 50 day moving average of C$18.24 and a 200 day moving average of C$18.01. The company has a market capitalization of C$6.12 billion, a price-to-earnings ratio of -25.81, a PEG ratio of -0.07 and a beta of 0.69. TransAlta has a 1-year low of C$14.08 and a 1-year high of C$25.03. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.62.

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

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.