TransAlta (TSE:TA) Sets New 1-Year Low at $8.22

TransAlta Co. (TSE:TA) (NYSE:TAC) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$8.22 and last traded at C$8.35, with a volume of 377832 shares. The stock had previously closed at C$8.40.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. CIBC lifted their price objective on TransAlta from C$18.00 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, February 26th. TD Securities cut their price target on TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, February 26th. National Bankshares cut their price target on TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, January 30th. Royal Bank of Canada lowered their price objective on TransAlta from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, BMO Capital Markets decreased their target price on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$15.80.

TransAlta Stock Performance

The stock has a market cap of C$2.64 billion, a P/E ratio of 3.68, a PEG ratio of -0.07 and a beta of 0.89. The business has a 50 day moving average price of C$8.96 and a 200 day moving average price of C$10.13. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 253.18.

TransAlta (TSE:TA) (NYSE:TAC) last released its earnings results on Friday, February 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The business had revenue of C$624.00 million for the quarter. As a group, sell-side analysts expect that TransAlta Co. will post 0.4700714 EPS for the current year.

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.