TransAlta (TA) Scheduled to Post Quarterly Earnings on Thursday

TransAlta (TSE:TA) (NYSE:TAC) will be posting its quarterly earnings results after the market closes on Thursday, March 1st.

TransAlta (TSE:TA) opened at C$6.58 on Thursday. The stock has a market cap of $1,890.00, a PE ratio of 109.67 and a beta of 0.28. TransAlta has a 12-month low of C$6.31 and a 12-month high of C$8.50.

In other TransAlta news, insider David Fuller purchased 9,832 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of C$47.98 per share, with a total value of C$471,739.36. Also, insider John Harry Kousinioris purchased 18,800 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of C$7.49 per share, with a total value of C$140,812.00. Insiders acquired a total of 39,166 shares of company stock valued at $703,206 over the last three months.

A number of equities analysts recently issued reports on the stock. CSFB increased their target price on shares of TransAlta from C$7.00 to C$8.00 and gave the company an “underperform” rating in a research report on Thursday, December 7th. CIBC increased their target price on shares of TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. National Bank Financial decreased their target price on shares of TransAlta from C$9.50 to C$8.00 and set a “sector perform” rating for the company in a research report on Monday, January 29th. Scotiabank increased their target price on shares of TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. Finally, BMO Capital Markets decreased their target price on shares of TransAlta from C$8.00 to C$7.50 in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$8.29.

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TransAlta Company Profile

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.

Earnings History for TransAlta (TSE:TA)

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