The stock of TransAlta Corporation (TSE:TA) is a huge mover today! About 83,378 shares traded hands. TransAlta Corporation (TSE:TA) has declined 2.33% since March 11, 2016 and is downtrending. It has underperformed by 7.82% the S&P500.
The move comes after 9 months positive chart setup for the $1.70 billion company. It was reported on Oct, 18 by Barchart.com. We have $8.36 PT which if reached, will make TSE:TA worth $697.00 million more.
TransAlta Corporation (TSE:TA) Ratings Coverage
Out of 3 analysts covering TransAlta Corporation (TSE:TA), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $14 is the highest target while $5 is the lowest. The $6.68 average target is 12.65% above today’s ($5.93) stock price. TransAlta Corporation has been the topic of 22 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of TransAlta Corporation (TSE:TA) has “Market Perform” rating given on Monday, August 24 by BMO Capital Markets. The stock of TransAlta Corporation (TSE:TA) earned “Sector Perform” rating by National Bank Canada on Thursday, January 14. The firm has “Underperform” rating by IBC given on Tuesday, August 25. The rating was upgraded by National Bank Canada on Monday, September 28 to “Outperform”. The rating was maintained by RBC Capital Markets on Friday, January 15 with “Sector Perform”. The stock of TransAlta Corporation (TSE:TA) has “Sector Outperform” rating given on Thursday, July 23 by Scotia Capital. Scotia Capital maintained TransAlta Corporation (TSE:TA) on Thursday, August 11 with “Underperform” rating. The stock of TransAlta Corporation (TSE:TA) earned “Hold” rating by TD Securities on Wednesday, August 26. On Friday, April 29 the stock rating was maintained by RBC Capital Markets with “Outperform”.
More notable recent TransAlta Corporation (TSE:TA) news were published by: Moodys.com which released: “Moody’s reviews TransAlta’s ratings for downgrade” on October 01, 2015, also Moodys.com with their article: “Moody’s Downgrades TransAlta to Ba1; Outlook Stable” published on December 17, 2015, Business.Financialpost.com published: “TransAlta Corp’s path forward ‘is uncertain at best'” on July 19, 2016. More interesting news about TransAlta Corporation (TSE:TA) were released by: Business.Financialpost.com and their article: “TransAlta Corp downgraded at RBC, TD” published on May 04, 2016 as well as Fool.ca‘s news article titled: “TransAlta Corporation: 3 Reasons This Turnaround Could Be Massive” with publication date: July 08, 2016.
TransAlta Corporation is a non-regulated electricity generation and energy marketing firm with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The company has a market cap of $1.70 billion. The Firm is engaged in the production and sale of electric energy. It has a 9.99 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.
TA Company Profile
TravelCenters of America LLC (TravelCenters), incorporated on October 10, 2006, operates and franchises approximately 460 travel centers and convenience store locations. The Company’s divisions include travel centers and convenience stores. The Firm offers a range of services and products, including diesel fuel and gasoline, as well as nonfuel services and products, such as truck repair and maintenance services, full service restaurants, over 40 different brands of quick service restaurants (QSRs), travel/convenience stores and various driver amenities. The Company’s clients include trucking fleets and their drivers, independent truck drivers and highway and local motorists.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.