TransAlta FY2025 EPS Estimate Decreased by Atb Cap Markets

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Research analysts at Atb Cap Markets dropped their FY2025 earnings per share estimates for TransAlta in a research report issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.44 per share for the year, down from their previous estimate of $0.58.

A number of other equities analysts have also recently issued reports on the company. TD Securities increased their price target on TransAlta from C$18.00 to C$19.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Cibc World Mkts upgraded TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Scotiabank dropped their target price on shares of TransAlta from C$21.00 to C$17.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Finally, CIBC reduced their price target 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TransAlta has a consensus rating of "Moderate Buy" and an average target price of C$17.71.

TransAlta Trading Up 2.4 %

Shares of TransAlta stock traded up C$0.29 during midday trading on Friday, reaching C$12.47. The company had a trading volume of 1,064,241 shares, compared to its average volume of 2,110,005. The firm has a market cap of C$3.74 billion, a PE ratio of 17.77, a P/E/G ratio of -0.07 and a beta of 0.93. The stock has a fifty day moving average price of C$13.34 and a 200 day moving average price of C$15.57. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. TransAlta has a fifty-two week low of C$8.95 and a fifty-two week high of C$21.22.

Insider Activity at TransAlta

In other news, Senior Officer Joel E. Hunter purchased 45,000 shares of the stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of C$14.99 per share, with a total value of C$674,752.50. 0.21% of the stock is owned by insiders.

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.