TransAlta Co. Forecasted to Earn Q3 2017 Earnings of $0.01 Per Share (TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – National Bank Financial issued their Q3 2017 earnings estimates for shares of TransAlta in a research note issued on Monday. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.01 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $9.00 target price on the stock.

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Separately, Scotiabank set a C$8.00 price objective on TransAlta and gave the stock a “sector perform” rating in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of C$8.00.

Shares of TransAlta (TA) opened at 7.89 on Wednesday. The company has a 50-day moving average price of $7.48 and a 200-day moving average price of $7.64. TransAlta has a 12-month low of $5.11 and a 12-month high of $8.50. The company has a market cap of $2.27 billion and a P/E ratio of 73.06.

In other news, Director David Lawrence Mowat bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of C$44.75 per share, with a total value of C$55,937.50.

About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

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