TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Michael Politeski acquired 10,000 shares of TransAlta stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of C$18.15 per share, for a total transaction of C$181,500.00. Following the purchase, the insider owned 65,000 shares in the company, valued at approximately C$1,179,750. The trade was a 18.18% increase in their ownership of the stock.
Michael Politeski also recently made the following trade(s):
- On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was bought at an average price of C$17.24 per share, with a total value of C$172,400.00.
TransAlta Stock Performance
TSE TA opened at C$17.47 on Tuesday. The company has a market cap of C$5.20 billion, a P/E ratio of -23.29, a P/E/G ratio of -0.07 and a beta of 0.69. The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76. The business's 50 day moving average price is C$18.13 and its 200-day moving average price is C$18.09. TransAlta Co. has a fifty-two week low of C$13.98 and a fifty-two week high of C$25.03.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last released its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$560.00 million for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TA. National Bank Financial boosted their target price on TransAlta from C$22.00 to C$24.00 and gave the company an "outperform" rating in a research report on Monday, June 1st. ATB Cormark Capital Markets boosted their target price on TransAlta from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Tuesday, March 24th. TD cut their target price on TransAlta from C$27.00 to C$26.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Finally, Desjardins cut their target price on 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. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$24.67.
Check Out Our Latest Analysis on TransAlta
TransAlta Company Profile
(
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.
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