Key Points
- Insider sale: Director Jane Nyla Fedoretz sold 5,000 shares on March 12 at an average of C$17.46 for C$87,300, leaving her with 113,953 shares (a 4.20% reduction in her stake, valued ~C$1.99M).
- Weak quarterly results and financials: TransAlta reported C($0.06) EPS with a negative net margin (-5.74%) and ROE (-8.84%), trades near C$17.16, and carries a high debt-to-equity ratio (320.51).
- Analyst view: Six analysts rate the stock a Buy and two a Hold, giving a MarketBeat consensus of "Moderate Buy" with a consensus price target of C$24.13.
TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Jane Nyla Fedoretz sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of C$17.46, for a total value of C$87,300.00. Following the sale, the insider owned 113,953 shares of the company's stock, valued at approximately C$1,989,619.38. This trade represents a 4.20% decrease in their ownership of the stock.
TransAlta Price Performance
Shares of TSE TA traded down C$0.25 during midday trading on Friday, hitting C$17.16. The stock had a trading volume of 283,515 shares, compared to its average volume of 1,181,645. The company has a market capitalization of C$5.09 billion, a PE ratio of -26.81, a P/E/G ratio of -0.07 and a beta of 0.49. The stock has a 50 day simple moving average of C$17.76 and a 200-day simple moving average of C$19.12. TransAlta Co. has a 1 year low of C$11.16 and a 1 year high of C$25.03. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 320.51.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last announced its quarterly earnings data on Friday, February 27th. The company reported C($0.06) earnings per share for the quarter. TransAlta had a negative net margin of 5.74% and a negative return on equity of 8.84%. The firm had revenue of C$712.00 million during the quarter.
Wall Street Analysts Forecast Growth
TA has been the topic of a number of recent research reports. Desjardins lowered their price target on shares of TransAlta from C$19.00 to C$18.00 and set a "hold" rating on the stock in a research report on Tuesday, February 10th. National Bank Financial raised their target price on shares of TransAlta from C$18.00 to C$22.00 and gave the stock a "sector perform" rating in a research note on Wednesday, December 10th. Jefferies Financial Group dropped their price target on TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. TD Securities increased their price target on TransAlta from C$26.00 to C$27.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$24.13.
Check Out Our Latest Report on TransAlta
TransAlta Company Profile
(
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TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.
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