TransAlta Co. (TSE:TA) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of TransAlta in a report issued on Wednesday. National Bank Financial analyst P. Kenny anticipates that the brokerage will post earnings of ($0.02) per share for the quarter.
Other equities analysts also recently issued reports about the stock. Scotiabank restated an “underperform” rating and issued a C$6.50 target price on shares of TransAlta in a research note on Wednesday, August 10th. Royal Bank Of Canada upped their target price on shares of TransAlta from C$5.50 to C$6.00 in a research note on Thursday, August 11th. RBC Capital Markets upped their price target on shares of TransAlta from C$5.50 to C$6.00 in a research report on Wednesday, August 10th. TD Securities lowered their price target on shares of TransAlta from C$7.50 to C$7.00 and set a “hold” rating for the company in a research report on Wednesday, August 10th. Finally, FirstEnergy Capital upped their price target on shares of TransAlta from C$5.25 to C$5.75 in a research report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. TransAlta presently has a consensus rating of “Hold” and a consensus target price of C$6.92.
Shares of TransAlta (TSE:TA) opened at 5.87 on Friday. The firm has a 50-day moving average of $5.88 and a 200-day moving average of $6.26. The company has a market cap of $1.69 billion and a P/E ratio of 7.79. TransAlta has a 52-week low of $3.60 and a 52-week high of $7.20.
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.
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