In last trading session, Transalta Corp. (NYSE:TAC) saw 0.78 million shares changing hands with its beta currently measuring 0.87. Company’s recent per share price level of $7.32 trading at -$0.02 or -0.27% at ring of the bell on the day assigns it a market valuation of $2.23B. That closing price of TAC’s stock is at a discount of -42.08% from its 52-week high price of $10.40 and is indicating a premium of 18.85% from its 52-week low price of $5.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.81 million shares which gives us an average trading volume of 764.20K if we extend that period to 3-months.
For Transalta Corp. (TAC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.06 in the current quarter.
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Transalta Corp. (NYSE:TAC) trade information
Upright in the red during last session for losing -0.27%, in the last five days TAC remained trading in the green while hitting it’s week-highest on Friday, 07/26/24 when the stock touched $7.32 price level, adding 2.01% to its value on the day. Transalta Corp.’s shares saw a change of -11.91% in year-to-date performance and have moved 3.98% in past 5-day. Transalta Corp. (NYSE:TAC) showed a performance of 5.63% in past 30-days. Number of shares sold short was 5.55 million shares which calculate 8.03 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 16 to the stock, which implies a rise of 54.25% to its current value. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -118.58% in reaching the projected high whereas dropping to the targeted low would mean a loss of -118.58% for stock’s current value.
Transalta Corp. (TAC) estimates and forecasts
Statistics highlight that Transalta Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -1.08% of value to its shares in past 6 months, showing an annual growth rate of -52.87% while that of industry is 1.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -12.80% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 331.77M for the same. And 1 analysts are in estimates of company making revenue of 390.23M in the next quarter. Company posted 457.45M and 757.77M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -59.57% while estimates for its earnings growth in next 5 years are of 12.45%.
TAC Dividends
Transalta Corp. is more likely to be releasing its next quarterly report 2024-Aug-01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.32%, the share has a forward dividend of 0.17 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.76%.
Transalta Corp. (NYSE:TAC)’s Major holders
Insiders are in possession of 0.20% of company’s total shares while institution are holding 68.29 percent of that, with stock having share float percentage of 68.43%. Investors also watch the number of corporate investors in a company very closely, which is 68.29% institutions for Transalta Corp. that are currently holding shares of the company. ROYAL BANK OF CANADA is the top institutional holder at TAC for having 50.16 million shares of worth $322.53 million. And as of 2024-03-31, it was holding 18.1738 of the company’s outstanding shares.
The second largest institutional holder is BROOKFIELD CORP /ON/, which was holding about 35.5 million shares on 2024-03-31. The number of shares represents firm’s hold over 11.5261 of outstanding shares, having a total worth of $227.83 million.
On the other hand, Vanguard International Stock Index-Total Intl Stock Indx and Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024 , the former fund manager was holding 3.77 shares of worth $27.58 million or 1.25% of the total outstanding shares. The later fund manager was in possession of 2.29 shares on Mar 31, 2024 , making its stake of worth around $16.73 million in the company or a holder of 0.76% of company’s stock.
