Key Points
- TransAlta insider Michael Politeski bought 10,000 shares on June 19 at an average price of C$19.58, increasing his direct holdings to 75,000 shares. This follows two similar purchases earlier in the month.
- Analysts remain bullish on TransAlta, with several firms raising price targets and ratings; the stock now has an average rating of “Buy” and a consensus price target of C$24.95.
- TransAlta’s shares opened at C$19.64 and have traded between C$14.08 and C$25.03 over the past 52 weeks. The company most recently reported quarterly EPS of C$0.06 on revenue of C$560 million.
TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Michael Politeski acquired 10,000 shares of the stock in a transaction that occurred on Friday, June 19th. The shares were bought at an average cost of C$19.58 per share, with a total value of C$195,800.00. Following the transaction, the insider directly owned 75,000 shares in the company, valued at C$1,468,500. This trade represents a 15.38% increase in their position.
Michael Politeski also recently made the following trade(s):
- On Friday, June 5th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was purchased at an average cost of C$18.15 per share, with a total value of C$181,500.00.
- On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was purchased at an average cost of C$17.24 per share, with a total value of C$172,400.00.
TransAlta Price Performance
Shares of TA opened at C$19.64 on Tuesday. The firm's 50 day moving average price is C$18.17 and its 200 day moving average price is C$18.02. The company has a market cap of C$6.21 billion, a P/E ratio of -26.19, a PEG ratio of -0.07 and a beta of 0.69. The company has a quick ratio of 0.61, a current ratio of 0.76 and a debt-to-equity ratio of 317.20. TransAlta Co. has a fifty-two week low of C$14.08 and a fifty-two week high of C$25.03.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The business 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%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on TA shares. Scotia set a C$27.00 price objective on TransAlta and gave the stock a "sector outperform" rating in a research report on Wednesday, June 10th. Royal Bank Of Canada set a C$24.00 price objective on shares of TransAlta and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Scotiabank raised TransAlta to a "strong-buy" rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 price target on shares of TransAlta and gave the stock an "outperform" rating in a research note on Wednesday, June 10th. Finally, National Bank Financial upped their price objective on TransAlta from C$22.00 to C$24.00 and gave the stock an "outperform" rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$24.95.
View Our Latest Stock Report 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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