November 25, 2016 - By Ruchi Gupta
In an analyst report issued by National Bank Financial on 25 November, Transalta Corp (TSE:TA) had its target upped to $7.50. The firm presently has Outperform 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 firm has “Outperform” rating given on Friday, April 29 by RBC Capital Markets. On Tuesday, August 25 the stock rating was upgraded by IBC to “Underperform”. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. National Bank Canada maintained the stock with “Sector Perform” rating in Thursday, January 14 report. The rating was maintained by Scotia Capital with “Underperform” on Thursday, August 11. As per Monday, September 28, the company rating was upgraded by National Bank Canada. The company was upgraded on Monday, August 24 by BMO Capital Markets. Scotia Capital maintained the shares of TA in a report on Thursday, July 23 with “Sector Outperform” rating. The company was upgraded on Wednesday, August 26 by TD Securities.
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 EPS, down 75.00% or $0.03 from last year’s $-0.04 per share. After $0.28 actual EPS 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 has no change, 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.
Hallmark Cap Management Inc has invested 0% of its portfolio in TransAlta Corporation (TSE:TA). Levin Capital Strategies Lp owns 10,000 shares or 0% of their US portfolio. Moreover, Ckw Fin Gp has 0% invested in TransAlta Corporation (TSE:TA) for 100 shares. Kennedy Management reported 999,342 shares or 0.16% of all its holdings. Manufacturers Life Ins Com The reported 1,334 shares or 0% of all its holdings. Moreover, Menta Cap Ltd Llc has 0.05% invested in TransAlta Corporation (TSE:TA) for 41,418 shares. National Inv Services Wi last reported 13,546 shares in the company. Trexquant Inv L P accumulated 0.03% or 23,732 shares. Markston Int Ltd Liability Corp accumulated 0% or 1,700 shares. Blackrock Institutional Na last reported 90,183 shares in the company. Oakworth Cap Inc accumulated 21 shares or 0% of the stock. Ladenburg Thalmann Svcs holds 0% or 442 shares in its portfolio. Moreover, Teacher Retirement Systems Of Texas has 0% invested in TransAlta Corporation (TSE:TA) for 4,561 shares. Adirondack & Management accumulated 1.48% or 484,979 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 440 shares.
Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 1 insider sale for $252,975 net activity. Shares for $252,975 were sold by Young Mark R.
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 1971.07 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ruchi Gupta