TransAlta (TSE:TA) PT Raised to C$16.00 at TD Securities

TransAlta (TSE:TA) (NYSE:TAC) had its target price raised by TD Securities from C$14.00 to C$16.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 14.04% from the company’s previous close.

A number of other brokerages have also commented on TA. CIBC cut their price target on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a report on Monday, July 22nd. National Bankshares upped their price target on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets increased their target price on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$15.50.

TransAlta Trading Down 1.2 %

TSE TA traded down C$0.17 on Tuesday, hitting C$14.03. 469,752 shares of the company were exchanged, compared to its average volume of 1,022,268. The company’s 50 day moving average price is C$13.04 and its 200-day moving average price is C$10.88. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The firm has a market capitalization of C$4.18 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$14.65.

TransAlta (TSE:TA) (NYSE:TAC) last released its earnings results on Thursday, August 1st. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The company had revenue of C$582.00 million for the quarter.

Insider Transactions at TransAlta

In related news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total transaction of C$278,400.00. In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. In the last quarter, insiders sold 120,217 shares of company stock valued at $1,397,220. Corporate insiders own 0.21% of the company’s stock.

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.