RBC Capital analyst Maurice Choy maintained a Buy rating on Transalta Corp. on Sunday, setting a price target of C$11, which is approximately 31.55% above the present share price of $6.36.
Choy expects Transalta Corp. to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in TransAlta (NYSE:TAC), with an average price target of $8.68.
The analysts price targets range from a high of $12.55 to a low of $6.08.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $437 million and a net profit of $7 million. The company's market cap is $1.75 billion.
According to TipRanks.com, RBC Capital analyst Maurice Choy is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 70.59% success rate.
TransAlta Corp . engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind & Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Energy Marketing segment engages in marketing its production through short-term and long-term contracts. The Corporate segment deals with its central financial, legal, administrative, and investing functions. TransAlta was founded in 1909 and is headquartered in Calgary, Canada.