TransAlta (TSE:TA) Downgraded to Hold Rating by Desjardins

TransAlta (TSE:TA) (NYSE:TAC) was downgraded by Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

TA has been the topic of several other research reports. National Bankshares boosted their target price on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Royal Bank of Canada upped their price objective on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday. TD Securities upped their price objective on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC dropped their price objective on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Finally, BMO Capital Markets upped their price objective on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$16.17.

TransAlta Trading Down 5.0 %

TSE TA opened at C$14.53 on Tuesday. The stock has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 7.65, a PEG ratio of -0.07 and a beta of 0.93. The stock’s 50 day moving average price is C$13.45 and its two-hundred day moving average price is C$11.14. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta has a 52 week low of C$8.22 and a 52 week high of C$15.37.

Insider Activity at TransAlta

In related news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. In other TransAlta news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total value of C$278,400.00. In the last quarter, insiders have sold 78,839 shares of company stock worth $929,648. Company insiders own 0.21% of the company’s stock.

About TransAlta

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.