TransAlta (TSE:TA) (NYSE:TAC) Director Gordon Giffin bought 5,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of C$5.68 per share, for a total transaction of C$28,400.00.
Shares of TA stock traded down C$0.08 during trading on Friday, hitting C$7.03. The company had a trading volume of 534,700 shares, compared to its average volume of 559,552. TransAlta has a twelve month low of C$6.31 and a twelve month high of C$8.50. The firm has a market capitalization of $2,140.00, a PE ratio of -10.65 and a beta of 0.20.
TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings data on Thursday, March 1st. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.15). TransAlta had a negative return on equity of 4.34% and a negative net margin of 6.46%. The company had revenue of C$638.00 million for the quarter, compared to analyst estimates of C$605.06 million.
Several analysts have recently weighed in on TA shares. BMO Capital Markets cut their price objective on TransAlta from C$8.00 to C$7.50 in a research report on Tuesday, February 6th. GMP Securities lifted their price objective on TransAlta from C$8.25 to C$8.50 in a research report on Monday, March 5th. CIBC lifted their price objective on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. Scotiabank set a C$9.00 price objective on TransAlta and gave the company an “outperform” rating in a research report on Tuesday, March 6th. Finally, National Bank Financial lifted their price objective on TransAlta from C$9.00 to C$9.50 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. TransAlta presently has a consensus rating of “Hold” and an average price target of C$8.38.
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TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
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