Newalta Corporation’s Stock Is Buy After Today’s Huge Increase

 Newalta Corporation's Stock Is Buy After Today's Huge Increase

The stock of Newalta Corporation (TSE:NAL) is a huge mover today! About 153,873 shares traded hands. Newalta Corporation (TSE:NAL) has risen 10.82% since March 31, 2016 and is uptrending. It has outperformed by 9.73% the S&P500.
The move comes after 8 months positive chart setup for the $198.24 million company. It was reported on Nov, 4 by Barchart.com. We have $5.39 PT which if reached, will make TSE:NAL worth $287.45M more.

Newalta Corporation (TSE:NAL) Ratings Coverage

Out of 6 analysts covering Newalta Corporation (TSE:NAL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $21 is the highest target while $1.50 is the lowest. The $7.86 average target is 257.27% above today’s ($2.2) stock price. Newalta Corporation has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Newalta Corporation (TSE:NAL) earned “Buy” rating by TD Securities on Friday, August 7. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, January 19 report. As per Wednesday, August 19, the company rating was maintained by Stifel Nicolaus. The firm earned “Sector Perform” rating on Thursday, November 5 by National Bank Canada. The stock has “Outperform” rating given by National Bank Canada on Friday, June 3. The stock of Newalta Corporation (TSE:NAL) has “Outperform” rating given on Friday, August 7 by Scotia Capital. The stock of Newalta Corporation (TSE:NAL) has “Outperform” rating given on Tuesday, November 17 by RBC Capital Markets. The stock of Newalta Corporation (TSE:NAL) has “Sector Outperform” rating given on Tuesday, July 21 by Scotia Capital.

More notable recent Newalta Corporation (TSE:NAL) news were published by: Business.Financialpost.com which released: “Newalta Corp has tons of upside if it manages energy downturn – Canaccord” on March 30, 2016, also Marketwired.com with their article: “Newalta Completes Sale of Industrial Division” published on February 27, 2015, Moodys.com published: “Moody’s downgrades Newalta CFR to Caa1; outlook negative” on March 22, 2016. More interesting news about Newalta Corporation (TSE:NAL) were released by: Globenewswire.com and their article: “Former Industrial Division of Newalta Becomes Terrapure Environmental” published on March 02, 2015 as well as Moodys.com‘s news article titled: “Moody’s downgrades Newalta CFR to B1” with publication date: November 19, 2015.

Newalta Corporation is a Canada-based well-known provider of engineered environmental solutions to the gas and oil industry. The company has a market cap of $198.24 million. The Company’s divisions include Heavy Oil and Oilfield. It currently has negative earnings. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.

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.

Related posts

Leave a Comment