Transalta Corp (TAC) saw an uptrend of 1211897% in the recent trading with $1410000.0 being its most recent. The current price level -26.84% lower than the highest price of $14.64 marked by the stock while trading over the past 52-weeks, whereas it is 57.96% higher than the lowest price of $6.78 the company dropped to over past 52-weeks. The latest news story on TAC appeared in (Insider Monkey) under the title “Jefferies Upgrades TransAlta (TAC) Stock, Increases PT” on Jun-15-25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.64 for the stock.
Transalta Corp Earnings – What Happened With TAC
Coming around sales and income figures on TAC Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Transalta Corp – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 296.60 million. TAC does have institutional investors; and they hold 81.02% of the stock.
As on 2024-06-30, ROYAL BANK OF CANADA was the top most holder in Transalta Corp (NYSE:TAC) with an ownership of 47.92 million shares of the company or 15.8153 of the stake worth $339.28 million. The filing also reveals BROOKFIELD CORP /ON/ as the second largest holder in the company with a control over 11.7196 of the outstanding shares. Its stake is worth $251.88 million for having 35.51 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 3.3819 of the outstanding shares. With this there are now 252.0 institutions which have possession in TAC’s shares.
Key Metrics forTAC
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Transalta Corp has a debt to equity ratio of 2.67.
Technical Analysis of Transalta Corp (NYSE:TAC) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Transalta Corp (TAC), we notice that the stock’s 20-day average volume is at 1,916,370 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 1,482,936 shares. And to end with, TAC’s 100-day average volume are 1,644,934 shares.
