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.
Many analysts weighed in on price targets for TAC. The most optimistic analyst gave a price target of 6.54, which equates to a potential upside of 1.4 percent. The lowest price target was 5, implying potential capital losses 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -10 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised downwards by -25 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -57.86 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of TAC to grow at a rate of -55.26 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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. The PEG ratio of TAC is -0.61.
TAC has traded between a high of 6.60 and a low of 3.75 over the past year. Today's price is 72 percent above the 52-week low, and 2.27 percent lower than its 52-week 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 market cap of TAC is $2.33 billion. TAC will post this quarters earnings in days, on 0000-00-00.