TransAlta (TSE:TA – Free Report) (NYSE:TAC) had its price target cut by CIBC from C$16.50 to C$15.50 in a report issued on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
TransAlta Trading Up 1.3 %
Shares of TA stock opened at C$10.13 on Monday. The company has a debt-to-equity ratio of 217.60, a current ratio of 0.69 and a quick ratio of 0.62. The company has a market cap of C$3.08 billion, a price-to-earnings ratio of 5.19, a PEG ratio of -0.07 and a beta of 0.87. The stock has a 50 day simple moving average of C$9.73 and a 200-day simple moving average of C$9.47. TransAlta has a 1-year low of C$8.22 and a 1-year high of C$13.97.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its quarterly earnings results on Friday, May 3rd. The company reported C$0.72 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.54. TransAlta had a return on equity of 33.61% and a net margin of 19.39%. The firm had revenue of C$947.00 million during the quarter. On average, equities research analysts expect that TransAlta will post 0.8411458 EPS for the current fiscal year.
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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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