TransAlta (TSE:TA) Sets New 1-Year Low at $8.22

TransAlta Co. (TSE:TA) (NYSE:TAC)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$8.22 and last traded at C$8.35, with a volume of 377832 shares traded. The stock had previously closed at C$8.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TA shares. National Bankshares lowered their price target on TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, January 30th. Royal Bank of Canada reduced their price objective on TransAlta from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. CIBC boosted their price objective on TransAlta from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, February 26th. BMO Capital Markets reduced their price objective on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, TD Securities reduced their price objective on TransAlta from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$15.80.

TransAlta Trading Up 1.4 %

The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 253.18. The firm has a 50-day moving average of C$8.96 and a 200 day moving average of C$10.13. The company has a market cap of C$2.64 billion, a P/E ratio of 3.68, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89.

TransAlta (TSE:TA) (NYSE:TAC) last announced its earnings results on Friday, February 23rd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C$0.18 by C($0.45). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The business had revenue of C$624.00 million for the quarter. On average, analysts predict that TransAlta Co. will post 0.4700714 earnings per share for the current fiscal 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.