Analysts Set TransAlta Co. (TSE:TA) Price Target at C$15.28

TransAlta Co. (TSE:TA) (NYSE:TAC) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$15.28.

Separately, CIBC lifted their target price on TransAlta from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, June 12th.

Insider Buying and Selling

In other news, Senior Officer Blain Mitchell Van Melle sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$9.67, for a total value of C$96,700.00. 0.20% of the stock is currently owned by company insiders.

TransAlta Price Performance

Shares of TSE:TA opened at C$9.50 on Friday. The firm has a 50 day simple moving average of C$9.66 and a 200 day simple moving average of C$9.58. The company has a market cap of C$2.89 billion, a price-to-earnings ratio of 4.87, a PEG ratio of -0.07 and a beta of 0.87. TransAlta has a one year low of C$8.22 and a one year high of C$13.97. The company has a debt-to-equity ratio of 217.60, a current ratio of 0.69 and a quick ratio of 0.62.

TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Friday, May 3rd. The company reported C$0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.54. TransAlta had a return on equity of 33.61% and a net margin of 19.39%. The business had revenue of C$947.00 million during the quarter. Research analysts predict that TransAlta will post 0.8411458 earnings per share for the current fiscal year.

TransAlta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Saturday, June 1st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Friday, May 31st. TransAlta’s dividend payout ratio (DPR) is 12.31%.

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.