Equities Analysts Set Expectations for TransAlta Q1 Earnings

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Research analysts at National Bank Financial issued their Q1 2025 EPS estimates for shares of TransAlta in a research note issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.05 per share for the quarter.

Several other research analysts have also recently issued reports on the company. Scotiabank lowered their price objective on TransAlta from C$21.00 to C$17.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Cibc World Mkts raised TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. TD Securities increased their price target on shares of TransAlta from C$18.00 to C$19.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, CIBC reduced their price objective on shares of TransAlta from C$19.50 to C$19.00 and set an "outperform" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.71.

TransAlta Stock Up 2.4 %

TA traded up C$0.29 on Friday, hitting C$12.47. 1,064,241 shares of the company were exchanged, compared to its average volume of 2,110,005. TransAlta has a twelve month low of C$8.95 and a twelve month high of C$21.22. The company has a market cap of C$3.74 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. The firm has a 50-day moving average price of C$13.34 and a two-hundred day moving average price of C$15.56.

Insider Activity at TransAlta

In other news, Senior Officer Joel E. Hunter bought 45,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price of C$14.99 per share, with a total value of C$674,752.50. Company insiders own 0.21% of the company's stock.

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.