While Transalta Corp has underperformed by -2.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TAC rose by 36.97%, with highs and lows ranging from $14.64 to $5.94, whereas the simple moving average fell by -5.05% in the last 200 days.
On February 18, 2025, CIBC Upgraded Transalta Corp (NYSE: TAC) to Sector Outperform. A report published by Scotiabank on January 23, 2025, Downgraded its rating to ‘Sector Perform’ for TAC. Desjardins initiated its ‘Buy’ rating for TAC, as published in its report on October 30, 2024. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of Transalta Corp (TAC)
A return on investment can be expected regardless of TAC’s performance over the next quarter with the dividend set at $0.17 per share. Further, the quarter-over-quarter increase in sales is 5.82%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Transalta Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 14.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.64, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and TAC is recording an average volume of 2.02M. On a monthly basis, the volatility of the stock is set at 4.53%, whereas on a weekly basis, it is put at 5.78%, with a gain of 0.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.68, showing growth from the present price of $9.41, which can serve as yet another indication of whether TAC is worth investing in or should be passed over.
How Do You Analyze Transalta Corp Shares?
A leading company in the Utilities – Independent Power Producers sector, Transalta Corp (TAC) is based in the Canada. When comparing Transalta Corp shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 22.17, there is a growth in quarterly earnings of 22.08%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.82%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.74% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TAC shares are owned by institutional investors to the tune of 68.74% at present.
