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

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.17.

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

TransAlta Stock Performance

TransAlta stock opened at C$15.87 on Monday. The company has a market cap of C$4.73 billion, a PE ratio of 8.35, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta has a 12 month low of C$8.22 and a 12 month high of C$15.99. The company has a fifty day moving average price of C$14.33 and a two-hundred day moving average price of C$11.83. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.51%. TransAlta’s dividend payout ratio (DPR) is 12.63%.

Insider Buying and Selling

In related news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Also, Director John Harry Kousinioris sold 69,982 shares of the firm’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. Over the last ninety days, insiders sold 122,988 shares of company stock worth $1,840,371. Corporate insiders own 0.21% of the company’s stock.

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.