Key Points
- Christopher Douglas Fralick sold 36,453 TransAlta shares on March 26 at an average price of C$17.90 for C$652,508.70, reducing his position by 43.71% to 46,939 shares (valued at C$840,208.10).
- TransAlta shares traded near C$17.98 (50-day MA C$17.77, 200-day MA C$19.15) with a one-year range of C$11.16–C$25.03 and negative EPS/margins; analysts have a consensus "Moderate Buy" with an average price target of C$24.25 (seven buys, one hold).
TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Christopher Douglas Fralick sold 36,453 shares of TransAlta stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of C$17.90, for a total value of C$652,508.70. Following the completion of the transaction, the insider owned 46,939 shares of the company's stock, valued at C$840,208.10. The trade was a 43.71% decrease in their position.
TransAlta Stock Performance
Shares of TransAlta stock opened at C$17.98 on Friday. The business has a 50-day simple moving average of C$17.77 and a 200-day simple moving average of C$19.15. The company has a debt-to-equity ratio of 320.51, a quick ratio of 0.62 and a current ratio of 0.73. TransAlta Co. has a one year low of C$11.16 and a one year high of C$25.03. The company has a market cap of C$5.34 billion, a PE ratio of -28.09, a P/E/G ratio of -0.07 and a beta of 0.49.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last issued its earnings results 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
A number of equities research analysts have recently weighed in on the stock. TD Securities raised their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Canadian Imperial Bank of Commerce increased their target price on TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. Desjardins cut their price target on TransAlta from C$19.00 to C$18.00 and set a "hold" rating on the stock in a research note on Tuesday, February 10th. Jefferies Financial Group decreased their price target on TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. Finally, National Bank Financial raised TransAlta from a "hold" rating to an "outperform" rating and set a C$22.00 price objective for the company in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$24.25.
Read Our Latest Stock Report on TA
About TransAlta
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
