TransAlta FY2025 EPS Cut by National Bank Financial

TransAlta Co. (TSE:TA) (NYSE:TAC) – Stock analysts at National Bank Financial dropped their FY2025 earnings per share estimates for TransAlta in a research note issued on Wednesday, May 7th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $0.22 per share for the year, down from their prior estimate of $0.28.

A number of other equities research analysts have also issued reports on TA. Desjardins cut their target price on shares of TransAlta from C$16.00 to C$14.00 and set a “hold” rating on the stock in a research note on Tuesday. TD Securities increased their target price on TransAlta from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. CIBC boosted their price target on TransAlta from C$18.50 to C$19.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada reduced their price objective on TransAlta from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Scotiabank lowered their target price on shares of TransAlta from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$18.00.

TransAlta Stock Up 1.7 %

Shares of TSE:TA opened at C$12.05 on Friday. The firm has a market cap of C$3.62 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a fifty day simple moving average of C$12.79 and a 200 day simple moving average of C$15.42. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. TransAlta has a 12-month low of C$9.30 and a 12-month high of C$21.22.

Insiders Place Their Bets

In related news, Senior Officer Joel E. Hunter bought 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of C$14.99 per share, for a total transaction of C$674,752.50. 0.21% of the stock is owned by insiders.

TransAlta Company Profile

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.