National Bank Financial Weighs in on TransAlta Co.’s Q4 2019 Earnings (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at National Bank Financial issued their Q4 2019 earnings estimates for shares of TransAlta in a note issued to investors on Tuesday, February 11th. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.08 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $11.00 target price on the stock.

A number of other analysts have also weighed in on the company. Royal Bank of Canada raised TransAlta from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$11.00 to C$13.00 in a research report on Monday, February 10th. Scotiabank upped their price objective on TransAlta from C$11.00 to C$12.00 in a research report on Friday, February 7th. Finally, CIBC upped their price objective on TransAlta from C$9.50 to C$10.00 in a research report on Thursday, January 30th.

TransAlta stock opened at C$10.89 on Thursday. TransAlta has a twelve month low of C$7.44 and a twelve month high of C$10.96. The stock’s fifty day simple moving average is C$9.54 and its 200-day simple moving average is C$8.78. The company has a current ratio of 2.02, a quick ratio of 1.06 and a debt-to-equity ratio of 82.88. The firm has a market capitalization of $3.00 billion and a P/E ratio of -22.78.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a $0.043 dividend. This represents a $0.17 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s dividend payout ratio is -33.47%.

TransAlta Company Profile

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.

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