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.

A number of analysts gave price targets for TAC. The most optimistic analyst gave a price target of 6.54, implying potential capital gains of 1.4 percent. The minimum price target given was 5, which equates to a potential downside 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. 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. 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 made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY 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. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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, though it could be better to see where the ratio stands relative to peers in the industry. 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. Today's price is 72 percent above the 52-week low, and below the high by 2.27 percent. 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.