At the time of writing, Transalta Corp [TAC] stock is trading at $14.44, up 1.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TAC shares have gain 11.42% over the last week, with a monthly amount glided 0.77%, 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.
For the past year, the stock price of Transalta Corp fluctuated between $5.94 and $14.64. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Transalta Corp [NYSE: TAC] shares were valued at $14.44 at the most recent close of the market. An investor can expect a potential return of 10.8% based on the average TAC price forecast.
Analyzing the TAC fundamentals
According to Transalta Corp [NYSE:TAC], the company’s sales were 2.05B for trailing twelve months, which represents an -38.31% plunge. 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 14.30 points at the first support level, and at 14.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.60, and for the 2nd resistance point, it is at 14.76.
Ratios To Look Out For
It is important to note that Transalta Corp [NYSE:TAC] has a current ratio of 0.74. In addition, the Quick Ratio stands at 0.67 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 6.68 and price to earnings (TTM) ratio is 37.99.
