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NYSE:TAC - TransAlta Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $11.17
  • Forecasted Upside: 25.61 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$8.89 As of 01/25/2021 01:00 AM ET
▲ +0.01 (0.11%)
1 month | 3 months | 12 months
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Analyst Price Target for TAC

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$11.17
▲ +25.61% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for TransAlta in the last 3 months. The average price target is $11.17, with a high forecast of $16.00 and a low forecast of $9.00. The average price target represents a 25.61% upside from the last price of $8.89.
Buy
The current consensus among 8 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

  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/5/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/3/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/1/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/27/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2021

Latest Recommendations

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

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/13/2021CIBCUpgradeNeutral ➝ OutperformMedium
i
12/24/2020Credit Suisse GroupBoost Price TargetOutperform$12.00 ➝ $16.00N/A
i
12/7/2020BMO Capital MarketsBoost Price TargetMarket Perform$8.00 ➝ $10.00Low
i
11/5/2020CIBCBoost Price TargetNeutral$9.50 ➝ $10.00Low
i
7/21/2020CIBCDowngradeOutperform ➝ NeutralLow
i
Rating by Mark Jarvi at CIBC
7/6/2020AltaCorp CapitalReiterated RatingOutperform$11.00Medium
i
Rating by N. Heywood at AltaCorp Capital
5/13/2020Industrial Alliance SecuritiesDowngradeHold$9.00Low
i
Rating by Naji Baydoun at Industrial Alliance Securities
4/26/2020Royal Bank of CanadaReiterated RatingBuy$11.00High
i
Rating by Maurice Choy at Royal Bank of Canada
4/8/2020Royal Bank of CanadaReiterated RatingBuy$11.00High
i
Rating by Maurice Choy at Royal Bank of Canada
3/20/2020CIBCUpgradeNeutral ➝ Outperform$8.50High
i
3/13/2020National Bank FinancialUpgradeSector Perform ➝ OutperformHigh
i
Rating by P. Kenny at National Bank Financial
3/5/2020National Bank FinancialReiterated RatingSector Perform OverweightHigh
i
Rating by P. Kenny at National Bank Financial
3/5/2020CIBCReiterated RatingNeutral ➝ Hold$11.00High
i
2/10/2020Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$13.00Medium
i
Rating by Maurice Choy at Royal Bank of Canada
2/9/2020Royal Bank of CanadaInitiated CoverageHold$11.00Medium
i
Rating by Maurice Choy at Royal Bank of Canada
2/7/2020ScotiabankReiterated RatingBuyLow
i
Rating by Robert Hope at Scotiabank
1/30/2020CIBCReiterated RatingHold$10.00Low
i
1/16/2020Credit Suisse GroupUpgradeNeutral ➝ OutperformHigh
i
Rating by Andrew Kuske at Credit Suisse Group AG
10/23/2019CIBCReiterated RatingHold$9.50Low
i
9/19/2019Credit Suisse GroupReiterated RatingHold$10.00Low
i
9/18/2019ScotiabankSet Price TargetBuy$11.00Low
i
Rating by Robert Hope at Scotiabank
3/26/2019Industrial Alliance SecuritiesUpgradeBuyMedium
i
Rating by Jeremy Rosenfield at Industrial Alliance Securities
3/26/2019TD SecuritiesUpgradeHold ➝ BuyLow
i
3/18/2019Credit Suisse GroupUpgradeUnderperform ➝ NeutralLow
i
2/28/2019National Bank FinancialDowngradeOutperform ➝ Sector PerformHigh
i
Rating by P. Kenny at National Bank Financial
1/23/2019National Bank FinancialUpgradeSector Perform ➝ OutperformHigh
i
Rating by P. Kenny at National Bank Financial
5/25/2018TD SecuritiesInitiated CoverageHoldLow
i
5/4/2018Canaccord GenuityReiterated RatingHold ➝ HoldHigh
i
2/28/2018ScotiabankUpgradeSector Perform ➝ OutperformHigh
i
2/13/2017National Bank FinancialDowngradeOutperform ➝ Sector PerformN/A
i
Rating by P. Kenny at National Bank Financial
11/25/2016BMO Capital MarketsSet Price TargetHold$8.00N/A
i
Rating by Benjamin Pham at BMO Capital Markets
11/24/2016National Bank FinancialUpgradeSector Perform Market Weight ➝ Outperform Market WeightN/A
i
Rating by P. Kenny at National Bank Financial
11/7/2016Royal Bank of CanadaUpgradeUnderperform ➝ Sector Perform$6.00N/A
i
11/7/2016ScotiabankUpgradeUnderperform ➝ Sector PerformN/A
i
5/4/2016TD SecuritiesDowngradeBuy ➝ HoldN/A
i
5/4/2016Royal Bank of CanadaDowngradeSector Perform ➝ Underperform$5.00 ➝ $5.50N/A
i
4/22/2016Credit Suisse GroupDowngradeNeutral ➝ UnderperformN/A
i
2/19/2016Royal Bank of CanadaBoost Price TargetSector Perform$4.50 ➝ $5.00N/A
i
(Data available from 1/26/2016 forward)
TransAlta logo
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, and Energy Marketing segments. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 8,385 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $8.89
$8.83
$9.09

50 Day Range

MA: $7.77
$6.90
$8.88

52 Week Range

Now: $8.89
$3.63
$9.09

Volume

310,800 shs

Average Volume

261,693 shs

Market Capitalization

$2.40 billion

P/E Ratio

N/A

Dividend Yield

1.46%

Beta

1.2

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: AltaCorp Capital, BMO Capital Markets, CIBC, Credit Suisse Group AG, Industrial Alliance Securities, National Bank Financial, Royal Bank of Canada, Scotiabank, TheStreet, and Zacks Investment Research.

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 $11.17, suggesting a possible upside of 25.6%. Credit Suisse Group AG has the highest price target set, predicting TAC will reach $16.00 in the next twelve months. Industrial Alliance Securities has the lowest price target set, forecasting a price of $9.00 for TransAlta in the next year.

What is the current consensus analyst rating for TransAlta?

TransAlta currently has 2 hold ratings 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.

What other companies compete with TransAlta?

Other companies that are similar to TransAlta include Enel Américas, Pinnacle West Capital, Clearway Energy, Centrais Elétricas Brasileiras S.A. - Eletrobrás, OGE Energy, Engie Brasil Energia, NextEra Energy Partners, Ormat Technologies, Huaneng Power International, China Resources Power, Enel Chile, Atlantica Sustainable Infrastructure, IDACORP, PNM Resources and Centrica.

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.