Analyst Ratings for Transalta Corp. (TAC)

Updated: 2017-07-27

Transalta Corp. (NYSE:TAC) was awarded an average rating of Hold from investment analysts following the stock. TAC had previously received a consensus rating of Hold a month ago.

12 analysts issued ratings on the stock, where 1 gave TAC a buy rating, 0 issued an overweight rating, 10 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for TAC by the analysts covering the stock. The maximum price target given was 6.54, which equates to a potential upside of 1.4 percent. The most pessimistic price target was 5, implying potential capital losses of -22.48 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -10 percent. The average change in earnings estimates over the last 90 days is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -25 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -57.86 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

TAC has an estimated earnings growth rate of -55.26 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. TAC has a PEG ratio of -0.61.

In the trailing 52-weeks, TAC hit 6.60 at the highest peak, while it's lowest trading point was 3.75. The current market price is above the trailing year's low by 72 percent, and 2.27 percent below the high. TAC has a price/earnings ratio of 33.95. Investors typically compare the P/E ratio to a company's peers in the industry. The TAC value stock report compares TAC to some of its peers using value stock charts. The stock has a market capitalization of $2.33 billion. TAC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.