November 25, 2016 - By Louis Casey
In a report issued to investors and clients by BMO Capital Markets on Friday, 25 November, Transalta Corp (TSE:TA) had its target price increased to $7.50. The firm now has “Market Perform” rating on the stock.
Out of 3 analysts covering TransAlta Corporation (TSE:TA), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $14 is the highest target while $5 is the lowest. The $6.68 average target is -6.70% below today’s ($7.16) stock price. TransAlta Corporation has been the topic of 22 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, January 15 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 29. As per Wednesday, August 26, the company rating was upgraded by TD Securities. The stock of TransAlta Corporation (TSE:TA) has “Underperform” rating given on Tuesday, August 25 by IBC. The firm has “Sector Perform” rating by National Bank Canada given on Thursday, January 14. Scotia Capital maintained the shares of TA in a report on Thursday, July 23 with “Sector Outperform” rating. Scotia Capital maintained the stock with “Underperform” rating in Thursday, August 11 report. BMO Capital Markets upgraded the stock to “Market Perform” rating in Monday, August 24 report. National Bank Canada upgraded the stock to “Outperform” rating in Monday, September 28 report.
About 3.61M shares traded hands or 392.86% up from the average. TransAlta Corporation (TSE:TA) has declined 5.30% since April 21, 2016 and is downtrending. It has underperformed by 10.70% the S&P500.
Analysts await TravelCenters of America LLC (NASDAQ:TA) to report earnings on March, 13. They expect $-0.07 earnings per share, down 75.00% or $0.03 from last year’s $-0.04 per share. After $0.28 actual earnings per share reported by TravelCenters of America LLC for the previous quarter, Wall Street now forecasts -125.00% negative EPS growth.
Insitutional Activity: The institutional sentiment is 1.07 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 17 funds sold all TransAlta Corporation shares owned while 29 reduced positions. only 27 funds bought stakes while 22 increased positions. They now own 16.99 million shares or 6.22% less from 18.12 million shares in 2016Q1.
Ameriprise accumulated 1.64M shares or 0.01% of the stock. Pacwest Mgmt Incorporated has invested 0% of its portfolio in TransAlta Corporation (TSE:TA). Boothbay Fund Mgmt Limited Liability Company has 13,346 shares for 0.05% of their US portfolio. Highbridge Mgmt accumulated 0% or 29,564 shares. Bridgeway Cap Mngmt reported 469,250 shares or 0.06% of all its holdings. Nelson Van Denburg And Campbell Wealth Grp Lc last reported 25 shares in the company. Barclays Public Ltd Company, a United Kingdom-based fund reported 56,287 shares. Blackrock Limited accumulated 0% or 37,160 shares. Fincl Architects holds 0% of its portfolio in TransAlta Corporation (TSE:TA) for 20 shares. Raymond James Financial Advsr, a Florida-based fund reported 51,937 shares. Art Advsrs Limited Liability Com has 122,075 shares for 0.05% of their US portfolio. Creative Planning holds 0% of its portfolio in TransAlta Corporation (TSE:TA) for 1,235 shares. Hallmark Mgmt holds 0% of its portfolio in TransAlta Corporation (TSE:TA) for 40 shares. The Missouri-based Stifel Financial has invested 0.01% in TransAlta Corporation (TSE:TA). Jnba Fincl holds 0% of its portfolio in TransAlta Corporation (TSE:TA) for 30 shares.
Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 1 sale for $252,975 net activity. Young Mark R sold $252,975 worth of stock.
TransAlta Corporation is a non-regulated electricity generation and energy marketing firm with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The company has a market cap of $2.22 billion. The Firm is engaged in the production and sale of electric energy. It has a 1972.45 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.
According to Zacks Investment Research, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services.”
TravelCenters of America LLC (TravelCenters), incorporated on October 10, 2006, operates and franchises approximately 460 travel centers and convenience store locations. The Company’s divisions include travel centers and convenience stores. The Firm offers a range of services and products, including diesel fuel and gasoline, as well as nonfuel services and products, such as truck repair and maintenance services, full service restaurants, over 40 different brands of quick service restaurants (QSRs), travel/convenience stores and various driver amenities. The Company’s clients include trucking fleets and their drivers, independent truck drivers and highway and local motorists.
More recent TransAlta Corporation (TSE:TA) news were published by: Fool.ca which released: “TransAlta Corporation: Time to Buy This Stock?” on November 24, 2016. Also Business.Financialpost.com published the news titled: “TransAlta Corp’s path forward ‘is uncertain at best'” on July 19, 2016. Fool.ca‘s news article titled: “TransAlta Corporation: 3 Reasons This Turnaround Could Be Massive” with publication date: July 08, 2016 was also an interesting one.
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By Louis Casey