TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$15.80.
Several equities research analysts have recently commented on the company. BMO Capital Markets decreased their price target on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. CIBC boosted their price target on TransAlta from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, February 26th. National Bankshares decreased their price target on TransAlta from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 30th. TD Securities decreased their price target on TransAlta from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Finally, Royal Bank of Canada decreased their price target on TransAlta from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th.
Read Our Latest Analysis on TransAlta
TransAlta Stock Performance
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last released its earnings results on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) 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. As a group, equities research analysts forecast that TransAlta will post 0.4700714 EPS for the current 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.
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