TransAlta (TA) Stock Forecast & Price Target

C$14.37 -0.10 (-0.69%)

(As of 11/20/2024 ET)

TransAlta - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
1

Buy
5

Based on 6 Wall Street analysts who have issued ratings for TransAlta in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for TA.

Consensus Price Target

C$16.17
12.50% Upside

According to the 6 analysts' twelve-month price targets for TransAlta, the average price target is C$16.17. The highest price target for TA is C$18.00, while the lowest price target for TA is C$15.00. The average price target represents a forecasted upside of 12.50% from the current price of C$14.37.

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TA Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	9 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$16.17	C$15.17	C$15.29	C$16.32
Forecasted Upside	12.50% Upside	6.73% Upside	29.43% Upside	49.57% Upside
Consensus Rating	Moderate Buy	Buy	Buy	Buy

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TA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

TransAlta Stock vs. The Competition

Type	TransAlta	Utilities Companies
Consensus Rating Score	2.83	2.50
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News See Recent TA News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/6/2024	Royal Bank of Canada 4 of 5 stars		Boost Target		C$14.00 ➝ C$16.00	+7.67%
11/6/2024	TD Securities 4 of 5 stars		Boost Target	Buy	C$16.00 ➝ C$18.00	+21.13%
11/5/2024	Desjardins 2 of 5 stars	B. Stadler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
9/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.00 ➝ C$17.00	+39.92%
8/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$14.00 ➝ C$15.00	+25.21%
7/22/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$16.50 ➝ C$15.50	+60.29%
Get the Latest News and Ratings for TA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for TransAlta and its competitors with MarketBeat's FREE daily newsletter.
10/25/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$17.00 ➝ C$15.50	+49.18%
10/19/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$19.00 ➝ C$17.00	+58.58%
8/9/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$13.00 ➝ C$14.00	+2.26%
8/8/2023	Industrial Alliance Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	C$17.00 ➝ C$17.50	+28.77%
5/16/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$17.00 ➝ C$18.50	+39.20%
12/15/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$17.00 ➝ C$17.50	+38.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:09 AM ET.

TA Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for TransAlta is C$16.17, with a high forecast of C$18.00 and a low forecast of C$15.00.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TA shares.
: According to analysts, TransAlta's stock has a predicted upside of 12.50% based on their 12-month stock forecasts.
: Over the previous 90 days, TransAlta's stock had 1 upgrade and 1 downgrade by analysts.
: TransAlta has been rated by research analysts at BMO Capital Markets, Desjardins, National Bankshares, Royal Bank of Canada, and TD Securities in the past 90 days.
: Analysts like TransAlta more than other "utilities" companies. The consensus rating for TransAlta is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how TA compares to other companies.

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This page (TSE:TA) was last updated on 11/21/2024 by MarketBeat.com Staff

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TransAlta (TA) Stock Forecast & Price Target