TransAlta (TSE:TA) Given New C$22.00 Price Target at Jefferies Financial Group

TransAlta (TSE:TA) (NYSE:TAC) had its price objective lowered by Jefferies Financial Group from C$27.00 to C$22.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 29.34% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Scotiabank increased their price objective on TransAlta from C$23.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. TD Securities raised their price target on TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. National Bankshares lifted their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the company a “sector perform” rating in a report on Wednesday, December 10th. Desjardins raised their target price on shares of TransAlta from C$16.50 to C$21.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Finally, Natl Bk Canada downgraded shares of TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.50.

TransAlta Trading Down 4.7%

TA traded down C$0.84 during trading on Wednesday, hitting C$17.01. 1,072,543 shares of the stock traded hands, compared to its average volume of 1,044,318. The firm has a market capitalization of C$5.05 billion, a P/E ratio of -26.58, a price-to-earnings-growth ratio of -0.07 and a beta of 0.60. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The firm has a 50-day moving average of C$18.59 and a 200 day moving average of C$18.79. TransAlta has a 12-month low of C$11.16 and a 12-month high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$674.00 million during the quarter. TransAlta had a net margin of 7.49% and a return on equity of 12.03%.

About TransAlta

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.