TransAlta Renewables (TSE:RNW) PT Raised to C$13.25 at National Bank Financial

TransAlta Renewables (TSE:RNW) had its price objective upped by National Bank Financial from C$13.00 to C$13.25 in a research note published on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

RNW has been the topic of several other research reports. Raymond James reissued a buy rating and set a $0.65 price objective on shares of DB Commodity Double Short ETN in a research note on Wednesday, May 15th. Desjardins reaffirmed a buy rating on shares of Savaria in a report on Wednesday, April 24th. CIBC cut shares of TransAlta Renewables from a neutral rating to an underperform rating and lifted their target price for the stock from C$13.00 to C$13.50 in a report on Wednesday, April 3rd. Finally, Canaccord Genuity lifted their target price on shares of TransAlta Renewables from C$13.00 to C$13.50 in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of C$13.16.

TSE:RNW opened at C$14.10 on Wednesday. TransAlta Renewables has a one year low of C$9.76 and a one year high of C$14.34. The company has a debt-to-equity ratio of 39.78, a current ratio of 2.03 and a quick ratio of 0.91. The business’s 50-day simple moving average is C$13.83. The company has a market capitalization of $3.72 billion and a price-to-earnings ratio of 14.94.

TransAlta Renewables (TSE:RNW) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.29 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.07. The business had revenue of C$127.00 million for the quarter, compared to the consensus estimate of C$116.40 million. As a group, analysts anticipate that TransAlta Renewables will post 0.8500001 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 31st will be issued a $0.0783 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.94 annualized dividend and a yield of 6.66%. TransAlta Renewables’s dividend payout ratio (DPR) is presently 99.57%.

TransAlta Renewables Company Profile

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,414 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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