TransAlta Co. (TSE:TA) Receives C$16.17 Consensus Price Target from Analysts

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$16.17.

Several analysts have commented on the stock. TD Securities boosted their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 5th. BMO Capital Markets raised their target price on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Royal Bank of Canada boosted their price target on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. Finally, National Bankshares increased their price objective on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd.

Insider Buying and Selling

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total value of C$377,750.00. Also, Director John Harry Kousinioris sold 69,982 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. In the last 90 days, insiders sold 122,988 shares of company stock valued at $1,840,371. Insiders own 0.21% of the company’s stock.

TransAlta Stock Up 1.4 %

Shares of TransAlta stock opened at C$15.87 on Monday. The firm has a market cap of C$4.73 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of -0.07 and a beta of 0.93. The stock has a 50-day simple moving average of C$14.33 and a 200-day simple moving average of C$11.83. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$15.99. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62.

TransAlta Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio is currently 12.63%.

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.