NYSE:TAC - TransAlta Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $14.25
Forecasted Upside: 41.51 %
Number of Analysts: 7
Breakdown:
0 Sell Ratings
1 Hold Ratings
6 Buy Ratings
0 Strong Buy Ratings

^$10.07 As of 07/28/2021 11:38 AM ET

▲ +0.17 (1.72%)

1 month | 3 months | 12 months

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Analyst Price Target for TAC

^$14.25

▲ +41.51% Upside Potential

This price target is based on 7 analysts offering 12 month price targets for TransAlta in the last 3 months. The average price target is $14.25, with a high forecast of $18.00 and a low forecast of $12.00. The average price target represents a 41.51% upside from the last price of $10.07.

Current Consensus is Buy

The current consensus among 7 contributing investment analysts is to buy stock in TransAlta. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
4 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

2/4/2020

0 strong buy ratings
4 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

5/4/2020

0 strong buy ratings
5 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

8/2/2020

0 strong buy ratings
5 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

10/31/2020

0 strong buy ratings
6 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

1/29/2021

0 strong buy ratings
7 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

4/29/2021

0 strong buy ratings
7 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

6/28/2021

0 strong buy ratings
6 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

7/28/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
7/21/2021	CIBC	Boost Price Target	Outperform	C$13.50 ➝ C$14.50	Low
6/1/2021	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform		High
5/25/2021	Credit Suisse Group	Lower Price Target	Outperform	C$18.50 ➝ C$18.00	Low
5/14/2021	BMO Capital Markets	Boost Price Target	Market Perform	C$11.50 ➝ C$12.00	Low
5/14/2021	Royal Bank of Canada	Boost Price Target	Outperform	C$13.00 ➝ C$14.00	Low
4/20/2021	CIBC	Boost Price Target	Outperform	$13.00 ➝ $13.50	Low
4/16/2021	Scotiabank	Boost Price Target	Outperform	$13.50 ➝ $14.50	Low
3/19/2021	Credit Suisse Group	Boost Price Target	Outperform	$17.50 ➝ $18.50	Low
3/5/2021	National Bank Financial	Reiterated Rating	Sector Perform		Low
3/4/2021	Royal Bank of Canada	Boost Price Target	Outperform	$11.00 ➝ $13.00	Medium
3/4/2021	TD Securities	Boost Price Target	Buy	$11.00 ➝ $12.50	Medium
2/9/2021	Scotiabank	Boost Price Target	Outperform	$12.00 ➝ $13.50	Low
1/27/2021	National Bank Financial	Reiterated Rating	Sector Perform		Medium
1/13/2021	CIBC	Upgrade	Neutral ➝ Outperform		Medium
12/24/2020	Credit Suisse Group	Boost Price Target	Outperform	$12.00 ➝ $16.00	N/A
12/7/2020	BMO Capital Markets	Boost Price Target	Market Perform	$8.00 ➝ $10.00	Low
11/5/2020	CIBC	Boost Price Target	Neutral	$9.50 ➝ $10.00	Low
7/21/2020	CIBC	Downgrade	Outperform ➝ Neutral		Low
7/6/2020	AltaCorp Capital	Reiterated Rating	Outperform	$11.00	Medium
5/13/2020	Industrial Alliance Securities	Downgrade	Hold	$9.00	Low
4/26/2020	Royal Bank of Canada	Reiterated Rating	Buy	$11.00	High
4/8/2020	Royal Bank of Canada	Reiterated Rating	Buy	$11.00	High
3/20/2020	CIBC	Upgrade	Neutral ➝ Outperform	$8.50	High
3/13/2020	National Bank Financial	Upgrade	Sector Perform ➝ Outperform		High
3/5/2020	National Bank Financial	Reiterated Rating	Sector Perform Overweight		High
3/5/2020	CIBC	Reiterated Rating	Neutral ➝ Hold	$11.00	High
2/10/2020	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$13.00	Medium
2/9/2020	Royal Bank of Canada	Initiated Coverage	Hold	$11.00	Medium
2/7/2020	Scotiabank	Reiterated Rating	Buy		Low
1/30/2020	CIBC	Reiterated Rating	Hold	$10.00	Low
1/16/2020	Credit Suisse Group	Upgrade	Neutral ➝ Outperform		High
10/23/2019	CIBC	Reiterated Rating	Hold	$9.50	Low
9/19/2019	Credit Suisse Group	Reiterated Rating	Hold	$10.00	Low
9/18/2019	Scotiabank	Set Price Target	Buy	$11.00	Low
3/26/2019	Industrial Alliance Securities	Upgrade	Buy		Medium
3/26/2019	TD Securities	Upgrade	Hold ➝ Buy		Low
3/18/2019	Credit Suisse Group	Upgrade	Underperform ➝ Neutral		Low
2/28/2019	National Bank Financial	Downgrade	Outperform ➝ Sector Perform		High
1/23/2019	National Bank Financial	Upgrade	Sector Perform ➝ Outperform		High
5/25/2018	TD Securities	Initiated Coverage	Hold		Low
5/4/2018	Canaccord Genuity	Reiterated Rating	Hold ➝ Hold		High
2/28/2018	Scotiabank	Upgrade	Sector Perform ➝ Outperform		High
2/13/2017	National Bank Financial	Downgrade	Outperform ➝ Sector Perform		N/A
11/25/2016	BMO Capital Markets	Set Price Target	Hold	$8.00	N/A
11/24/2016	National Bank Financial	Upgrade	Sector Perform Market Weight ➝ Outperform Market Weight		N/A
11/7/2016	Royal Bank of Canada	Upgrade	Underperform ➝ Sector Perform	$6.00	N/A
11/7/2016	Scotiabank	Upgrade	Underperform ➝ Sector Perform		N/A

(Data available from 7/28/2016 forward)

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind & Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Energy Marketing segment engages in marketing its production through short-term and long-term contracts. The Corporate segment deals with its central financial, legal, administrative, and investing functions. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

Today's Range

Now: $10.07

$9.99

$10.07

50 Day Range

MA: $9.66

$9.02

$10.07

52 Week Range

Now: $10.07

$5.72

$10.20

Volume

715 shs

Average Volume

242,142 shs

Market Capitalization

$2.73 billion

P/E Ratio

N/A

Dividend Yield

1.41%

Beta

1.26

Frequently Asked Questions

What sell-side analysts currently cover shares of TransAlta?

The following equities research analysts have issued stock ratings on TransAlta in the last twelve months: BMO Capital Markets, CIBC, Credit Suisse Group AG, National Bank Financial, Royal Bank of Canada, Scotiabank, TD Securities, and Zacks Investment Research.
View the latest analyst ratings for TAC.

What is the current price target for TransAlta?

6 Wall Street analysts have set twelve-month price targets for TransAlta in the last year. Their average twelve-month price target is $14.25, suggesting a possible upside of 41.5%. Credit Suisse Group AG has the highest price target set, predicting TAC will reach $18.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $12.00 for TransAlta in the next year.
View the latest price targets for TAC.

What is the current consensus analyst rating for TransAlta?

TransAlta currently has 1 hold rating and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TAC will outperform the market and that investors should add to their positions of TransAlta.
View the latest ratings for TAC.

What other companies compete with TransAlta?

Other companies that are similar to TransAlta include Brookfield Renewable Partners, Red Eléctrica Corporación, Enel Américas, NRG Energy, Pinnacle West Capital, Algonquin Power & Utilities, Vistra, Brookfield Renewable, OGE Energy, China Resources Power, Engie Brasil Energia, NextEra Energy Partners, Clearway Energy, IDACORP and Huaneng Power International.

How do I contact TransAlta's investor relations team?

TransAlta's physical mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The utilities provider's listed phone number is (403) 267-7110 and its investor relations email address is [email protected] The official website for TransAlta is www.transalta.com.