CSFB Increases TransAlta (TSE:TA) Price Target to C$11.50

TransAlta (TSE:TA) (NYSE:TAC) had its price objective boosted by CSFB from C$10.00 to C$11.50 in a report published on Wednesday morning, BayStreet.CA reports.

Several other research firms also recently issued reports on TA. CIBC upped their price objective on shares of TransAlta from C$8.50 to C$9.50 in a report on Thursday, April 23rd. AltaCorp Capital restated an outperform rating on shares of TransAlta in a report on Monday, July 6th. Four investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of C$11.64.

TA stock opened at C$8.76 on Wednesday. The firm has a market cap of $2.42 billion and a price-to-earnings ratio of 17.11. The firm has a 50-day simple moving average of C$8.24 and a two-hundred day simple moving average of C$8.51. TransAlta has a one year low of C$5.32 and a one year high of C$11.23. The company has a debt-to-equity ratio of 85.58, a quick ratio of 0.68 and a current ratio of 1.20.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings results on Tuesday, May 12th. The company reported C($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.04). The business had revenue of C$606.00 million for the quarter. As a group, equities analysts predict that TransAlta will post -0.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a $0.043 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.17 annualized dividend and a yield of 1.96%. TransAlta’s dividend payout ratio (DPR) is presently 31.74%.

About TransAlta

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.

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