November 25, 2016 - By Adrian Mccoy
In an analyst report published by TD Securities on 25 November, Transalta Corp (TSE:TA) had its target raised to $8.00. The firm right now has “Hold” 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 earned “Market Perform” rating on Monday, August 24 by BMO Capital Markets. As per Wednesday, August 26, the company rating was upgraded by TD Securities. The rating was maintained by Scotia Capital on Thursday, August 11 with “Underperform”. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of TransAlta Corporation (TSE:TA) earned “Underperform” rating by IBC on Tuesday, August 25. The firm has “Sector Outperform” rating given on Thursday, July 23 by Scotia Capital. National Bank Canada maintained the stock with “Sector Perform” rating in Thursday, January 14 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 29. The rating was upgraded by National Bank Canada on Monday, September 28 to “Outperform”.
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 without 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.
Kcg Hldgs has 52,238 shares for 0.01% of their US portfolio. Renaissance Tech Llc holds 0.03% of its portfolio in TransAlta Corporation (TSE:TA) for 1.66 million shares. Blackrock Ltd has invested 0% of its portfolio in TransAlta Corporation (TSE:TA). Blackrock Institutional Trust Company Na holds 0% or 90,183 shares in its portfolio. Boston Ptnrs holds 0% of its portfolio in TransAlta Corporation (TSE:TA) for 356,847 shares. The Minnesota-based Walleye Trading Limited Liability Co has invested 0% in TransAlta Corporation (TSE:TA). Gsa Cap Prns Ltd Liability Partnership, a United Kingdom-based fund reported 273,896 shares. Nantahala Cap Mngmt Ltd Liability Com last reported 0.13% of its portfolio in the stock. Menta Ltd last reported 41,418 shares in the company. Group Inc One Trading Limited Partnership holds 20,175 shares or 0% of its portfolio. Kistler has 0% invested in the company for 30 shares. Moreover, Los Angeles Cap Mngmt & Equity Research has 0% invested in TransAlta Corporation (TSE:TA) for 13,914 shares. Moreover, Citadel Advisors Limited Liability has 0% invested in TransAlta Corporation (TSE:TA) for 38,940 shares. Palo Cap Inc has invested 0.14% of its portfolio in TransAlta Corporation (TSE:TA). Deprince Race & Zollo holds 0.01% of its portfolio in TransAlta Corporation (TSE:TA) for 40,000 shares.
Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 1 sale for $252,975 net activity. Young Mark R had sold 33,855 shares worth $252,975 on Tuesday, August 16.
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 Adrian Mccoy