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

Shares of TransAlta Co. (TSE:TAGet Rating) (NYSE:TAC) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$16.56.

TA has been the subject of several research reports. CSFB decreased their price objective on shares of TransAlta from C$18.50 to C$17.50 in a report on Wednesday, August 24th. TD Securities decreased their price objective on shares of TransAlta from C$18.50 to C$18.00 and set a “buy” rating for the company in a report on Monday, August 8th. Finally, Credit Suisse Group decreased their price objective on shares of TransAlta to C$17.50 in a report on Wednesday, August 24th.

TransAlta Trading Up 3.3 %

Shares of TSE TA opened at C$12.46 on Monday. The company has a debt-to-equity ratio of 158.29, a quick ratio of 0.60 and a current ratio of 1.12. The firm’s 50 day moving average price is C$13.42 and its 200-day moving average price is C$13.63. TransAlta has a 52-week low of C$11.72 and a 52-week high of C$15.28. The company has a market cap of C$3.37 billion and a PE ratio of -9.39.

TransAlta (TSE:TAGet Rating) (NYSE:TAC) last released its quarterly earnings data on Friday, August 5th. The company reported C($0.30) earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.46). The firm had revenue of C$458.00 million for the quarter. On average, equities research analysts expect that TransAlta will post 0.43 EPS for the current fiscal year.

TransAlta Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 1st will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. TransAlta’s dividend payout ratio is currently -14.69%.

About TransAlta

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TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities.

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Analyst Recommendations for TransAlta (TSE:TA)

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