TransAlta Co. (TSE:TA) Receives Consensus Rating of “Moderate Buy” from Brokerages

TransAlta Co. (TSE:TA) (NYSE:TAC) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$18.00.

A number of equities analysts recently commented on the company. Scotiabank decreased their price target on TransAlta from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. Cibc World Mkts raised TransAlta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. National Bankshares reduced their price objective on TransAlta from C$20.00 to C$16.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. TD Securities boosted their price objective on TransAlta from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, CIBC upped their target price on TransAlta from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th.

TransAlta Stock Up 0.2%

Shares of TransAlta stock opened at C$12.72 on Monday. The business has a 50-day moving average of C$12.71 and a 200-day moving average of C$15.39. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market capitalization of C$3.82 billion, a PE ratio of 18.13, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta has a 1-year low of C$9.30 and a 1-year high of C$21.22.

Insider Buying and Selling at TransAlta

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

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.