National Bank Financial Estimates TransAlta FY2026 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at National Bank Financial reduced their FY2026 EPS estimates for shares of TransAlta in a research note issued to investors on Wednesday, May 7th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $0.26 for the year, down from their prior estimate of $0.69.

A number of other equities analysts have also weighed in on the company. Scotiabank decreased their target price on TransAlta from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. CIBC boosted their target price on shares of TransAlta from C$18.50 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Desjardins dropped their price target on TransAlta from C$16.00 to C$14.00 and set a “hold” rating on the stock in a research note on Tuesday, May 6th. ATB Capital cut their price objective on TransAlta from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Finally, Royal Bank of Canada lowered their target price on TransAlta from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.00.

TransAlta Stock Up 2.2%

Shares of TransAlta stock opened at C$12.73 on Monday. TransAlta has a 52-week low of C$9.30 and a 52-week high of C$21.22. The stock has a market capitalization of C$3.82 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a 50-day simple moving average of C$12.74 and a two-hundred day simple moving average of C$15.41. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74.

Insider Buying and Selling

In other news, Senior Officer Joel E. Hunter acquired 45,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of C$14.99 per share, for a total transaction of C$674,752.50. 0.21% of the stock is owned by insiders.

About TransAlta

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.