TransAlta (TSE:TA) Price Target Lowered to C$26.00 at TD

TransAlta (TSE:TA) (NYSE:TAC) had its price objective decreased by TD from C$27.00 to C$26.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Desjardins reduced their price objective on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Tuesday, February 10th. National Bank Financial upgraded TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price objective on the stock in a research report on Tuesday, March 24th. ATB Cormark Capital Markets lifted their price objective on TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group reduced their price objective on TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TransAlta currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.44.

TransAlta Stock Performance

TSE TA opened at C$17.45 on Thursday. The company has a market cap of C$5.18 billion, a PE ratio of -27.27, a price-to-earnings-growth ratio of -0.07 and a beta of 0.54. The stock’s 50 day simple moving average is C$17.76 and its 200-day simple moving average is C$18.77. TransAlta has a 1-year low of C$11.56 and a 1-year high of C$25.03. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.62.

TransAlta (TSE:TA) (NYSE:TAC) last released its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$560.00 million for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.

Insiders Place Their Bets

In other TransAlta news, insider Jane Nyla Fedoretz sold 7,000 shares of TransAlta stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$18.15, for a total value of C$127,050.00. Following the sale, the insider owned 84,453 shares in the company, valued at C$1,532,821.95. The trade was a 7.65% decrease in their ownership of the stock. Also, insider Christopher Douglas Fralick sold 36,453 shares of TransAlta stock in a transaction on Thursday, March 26th. The shares were sold at an average price of C$17.90, for a total value of C$652,508.70. Following the completion of the sale, the insider owned 46,939 shares in the company, valued at C$840,208.10. This represents a 43.71% decrease in their position. Insiders sold 70,953 shares of company stock worth $1,262,409 in the last 90 days. Company insiders own 0.21% of the company’s stock.

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.