TransAlta (TSE:TA – Free Report) (NYSE:TAC) had its target price lowered by CIBC from C$18.50 to C$16.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other analysts have also recently issued reports on TA. National Bankshares cut their price objective on TransAlta from C$14.00 to C$13.00 and set an outperform rating on the stock in a research note on Tuesday, January 30th. Royal Bank of Canada dropped their price target on TransAlta from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Monday, February 26th. BMO Capital Markets dropped their price target on TransAlta from C$17.00 to C$16.00 and set an outperform rating on the stock in a research report on Monday, February 26th. Finally, TD Securities dropped their price target on TransAlta from C$15.00 to C$14.00 and set a buy rating on the stock in a research report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, TransAlta has an average rating of Buy and an average target price of C$15.55.
Check Out Our Latest Stock Analysis on TA
TransAlta Trading Up 0.5 %
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings data on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.18 by C($0.45). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The firm had revenue of C$624.00 million for the quarter. On average, analysts anticipate that TransAlta will post 0.4700714 earnings per share for the current fiscal year.
TransAlta Company Profile
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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