Transalta Corp [TAC] stock prices are up 3.56% to $13.69 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TAC shares have gain 3.24% over the last week, with a monthly amount glided 2.24%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Transalta Corp [NYSE: TAC] stock has seen the most recent analyst activity on January 08, 2025, when CIBC downgraded its rating to a Neutral. Previously, Desjardins downgraded its rating to Hold on November 06, 2024. Credit Suisse upgraded its rating to a Outperform. Credit Suisse downgraded its rating to a Neutral. BofA Securities downgraded its rating to Neutral for this stock on March 22, 2022. In a note dated June 01, 2021, BMO Capital Markets upgraded an Outperform rating on this stock.
The stock price of Transalta Corp [TAC] has been fluctuating between $5.94 and $14.64 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Transalta Corp [NYSE: TAC] shares were valued at $13.69 at the most recent close of the market. An investor can expect a potential return of 16.87% based on the average TAC price forecast.
Analyzing the TAC fundamentals
The Transalta Corp [NYSE:TAC] reported sales of 2.05B for trailing twelve months, representing a drop of -38.31%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.12 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.28 points at the first support level, and at 12.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.93, and for the 2nd resistance point, it is at 14.18.
Ratios To Look Out For
It’s worth pointing out that Transalta Corp [NYSE:TAC]’s Current Ratio is 0.74. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 6.33 and price to earnings (TTM) ratio is 36.02.
