Today, TransAlta Corp. (TAC) PT Set at $8.00 by BMO Capital Markets

Today, TransAlta Corp. (TAC) PT Set at $8.00 by BMO Capital Markets

TransAlta Corp. (NYSE:TAC) (TSE:TA) has been assigned a $8.00 price target by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 50.94% from the stock’s previous close.

TAC has been the topic of a number of other research reports. Zacks Investment Research raised shares of TransAlta Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada raised shares of TransAlta Corp. from an “underperform” rating to a “sector perform” rating and set a $6.00 price target on the stock in a research note on Monday, November 7th. RBC Capital Markets raised shares of TransAlta Corp. from an “underperform” rating to a “sector perform” rating and set a $6.00 price target on the stock in a research note on Monday, November 7th. Finally, Scotiabank raised shares of TransAlta Corp. from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.31.

TransAlta Corp. (NYSE:TAC) opened at 5.30 on Friday. The stock’s 50 day moving average is $4.33 and its 200 day moving average is $4.70. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 41.73 and a beta of 0.59. TransAlta Corp. has a 52 week low of $2.54 and a 52 week high of $5.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 1st will be issued a $0.0301 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.27%. TransAlta Corp.’s dividend payout ratio (DPR) is presently 85.72%.

Several hedge funds have recently bought and sold shares of the stock. Credit Suisse AG increased its stake in TransAlta Corp. by 238.1% in the third quarter. Credit Suisse AG now owns 8,547,127 shares of the company’s stock worth $38,035,000 after buying an additional 6,018,780 shares during the period. Highbridge Capital Management LLC increased its position in shares of TransAlta Corp. by 23.3% in the third quarter. Highbridge Capital Management LLC now owns 59,900 shares of the company’s stock worth $266,000 after buying an additional 11,300 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of TransAlta Corp. during the third quarter worth $11,058,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TransAlta Corp. by 11.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,478 shares of the company’s stock worth $113,000 after buying an additional 2,528 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of TransAlta Corp. by 421.2% in the third quarter. Schroder Investment Management Group now owns 54,200 shares of the company’s stock worth $316,000 after buying an additional 43,800 shares during the last quarter. Institutional investors own 40.92% of the company’s stock.

TransAlta Corp. Company Profile

Related posts

Leave a Comment