National Bankshares Raises TransAlta (TSE:TA) Price Target to C$22.00

TransAlta (TSE:TA) (NYSE:TAC) had its price target raised by National Bankshares from C$18.00 to C$22.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 10.33% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Desjardins increased their price target on TransAlta from C$16.50 to C$21.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Scotiabank lifted their price target on shares of TransAlta from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. ATB Capital lifted their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group upped their target price on shares of TransAlta from C$20.00 to C$27.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Natl Bk Canada downgraded TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, TransAlta presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.78.

TransAlta Trading Down 1.5%

Shares of TA stock traded down C$0.31 during mid-day trading on Wednesday, reaching C$19.94. 402,189 shares of the stock traded hands, compared to its average volume of 1,724,435. The company has a market cap of C$5.92 billion, a price-to-earnings ratio of -31.16, a price-to-earnings-growth ratio of -0.07 and a beta of 0.67. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The stock’s fifty day simple moving average is C$21.61 and its two-hundred day simple moving average is C$18.11. TransAlta has a 1-year low of C$11.16 and a 1-year high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) 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 is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.