TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.
TransAlta Stock Performance
TAC stock traded up $0.09 during midday trading on Monday, hitting $9.21. 320,012 shares of the stock traded hands, compared to its average volume of 741,432. The stock’s fifty day simple moving average is $8.13 and its 200-day simple moving average is $7.27. The firm has a market cap of $2.79 billion, a P/E ratio of 5.94 and a beta of 0.91. TransAlta has a 1-year low of $5.94 and a 1-year high of $9.41. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.84 and a quick ratio of 0.75.
TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. TransAlta had a return on equity of 47.71% and a net margin of 18.41%. The firm had revenue of $425.37 million for the quarter. During the same quarter last year, the business earned $0.17 earnings per share. On average, analysts expect that TransAlta will post 0.75 earnings per share for the current year.
Hedge Funds Weigh In On TransAlta
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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