Shares of TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) have been given an average rating of “Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One 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 12 month target price among analysts that have updated their coverage on the stock in the last year is C$15.17.
Separately, CIBC decreased their target price on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, July 22nd.
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TransAlta Stock Performance
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last released its quarterly earnings data on Friday, May 3rd. The company reported C$0.72 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.54. TransAlta had a net margin of 19.39% and a return on equity of 33.61%. The firm had revenue of C$947.00 million for the quarter. Equities research analysts forecast that TransAlta will post 0.8411458 EPS for the current year.
Insider Activity
In other TransAlta news, Senior Officer Blain Mitchell Van Melle sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$9.75, for a total value of C$194,958.00. 0.20% of the stock is currently owned by company insiders.
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.
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