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.
TAC was given price targets by several analysts. The most optimistic analyst gave a price target of 6.54, which equates to a potential upside of 1.4 percent. The minimum price target given was 5, which equates to a potential downside of -22.48 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -10 percent on average, compared to last month. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -25 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -57.86 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
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. A lower PEG ratio is favorable, 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, but many choose to perform ratio comparisons with other companies in the industry. TAC has a PEG ratio of -0.61.
TAC has a 52-week high of 6.60 and a 52-week low of 3.75. The current market price is above the trailing year's low by 72 percent, and 2.27 percent lower than its 52-week high. 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.