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.
Investment analysts gave a few price targets for TAC. The most optimistic price target was 6.54, implying a possible profit of 1.4 percent. The most pessimistic price target was 5, implying a possible loss of -22.48 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. Meanwhile, fiscal year estimates have been revised downwards by -25 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -57.86 percent in FY estimates.
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. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 1 analysts that revised their FY estimates downwards.
The growth rate of TAC's earnings is estimated by analysts to be -55.26 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 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 last 52-weeks, TAC has achieved a high of 6.60 and a low of 3.75. Today's price is 72 percent above the 52-week low, and below the high by 2.27 percent. TAC has a P/E 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's next earnings release will be on 0000-00-00, which is days away.