Stocks of TransAlta Corporation (NYSE:TAC) traded higher last session on Wall Street, down -0.86% to $8.10.
According to the data, TransAlta Corporation (NYSE:TAC) has 12 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.76 and a low of $9.77, we find $11.73. Given the previous closing price of $8.17, this indicates a potential upside of 43.57 percent. TAC stock price is now -10.24% away from the 50-day moving average and -16.44% away from the 200-day moving average. The market capitalization of the company currently stands at $2.21B.
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A total of 3 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $11.57 as their price target over the next twelve months.
, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’.
A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TAC stock. A new stake in TransAlta Corporation shares was purchased by K.J. HARRISON & PARTNERS INC during the first quarter worth $1,257,000. NINEPOINT PARTNERS LP invested $643,000 in shares of TAC during the first quarter. In the first quarter, CI PRIVATE WEALTH, LLC acquired a new stake in TransAlta Corporation valued at approximately $582,000. WALLEYE CAPITAL LLC acquired a new stake in TAC for approximately $330,000. BAYESIAN CAPITAL MANAGEMENT, LP purchased a new stake in TAC valued at around $163,000 in the second quarter. In total, there are 182 active investors with 61.70% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $8.14 for TransAlta Corporation (NYSE: TAC). During the past 12 months, TransAlta Corporation has had a low of $7.55 and a high of $11.85. As of last week, the company has a debt-to-equity ratio of 26.24, a current ratio of 1.30, and a quick ratio of 1.20. The fifty day moving average price for TAC is $9.02 and a two-hundred day moving average price translates $9.69 for the stock.
The latest earnings results from TransAlta Corporation (NYSE: TAC) was released for Sep, 2022. According to the Utilities – Independent Power Producers Company, earnings per share came in at $0.17, missing analysts’ expectations of $0.24 by -0.07. This compares to -$0.25 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 0.70% for TAC. The company reported revenue of $638.32 million for the quarter, compared to $484.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.67 percent. For the current quarter, analysts expect TAC to generate $476.15M in revenue.
TransAlta Corporation(TAC) Company Profile
TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.
