November 25, 2016 - By Winifred Garcia
In a research note made public on today, Scotia Capital restate their “Sector Perform” rating on Transalta Corp (TSE:TA)‘s stock. The PT suggests a potential downside of -9.22% from company’s previous close.
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 “Underperform” rating by IBC given on Tuesday, August 25. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. On Thursday, January 14 the stock rating was maintained by National Bank Canada with “Sector Perform”. As per Thursday, July 23, the company rating was maintained by Scotia Capital. The stock of TransAlta Corporation (TSE:TA) has “Market Perform” rating given on Monday, August 24 by BMO Capital Markets. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. National Bank Canada upgraded the shares of TA in a report on Monday, September 28 to “Outperform” rating. On Thursday, August 11 the stock rating was maintained by Scotia Capital with “Underperform”. TD Securities upgraded TransAlta Corporation (TSE:TA) on Wednesday, August 26 to “Hold” rating.
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.
Cwm Lc last reported 10,000 shares in the company. The New York-based Adirondack And Mgmt Inc has invested 1.48% in TransAlta Corporation (TSE:TA). Lpl Limited Liability Company last reported 0% of its portfolio in the stock. Ladenburg Thalmann Fincl has 442 shares for 0% of their US portfolio. Art Limited Liability holds 0.05% or 122,075 shares in its portfolio. Peak6 Invests Ltd Partnership holds 6,177 shares or 0% of its portfolio. State Street holds 15,985 shares or 0% of its portfolio. Ameriprise Financial owns 1.64 million shares or 0.01% of their US portfolio. Ckw Finance Gru, a Hawaii-based fund reported 100 shares. D E Shaw Company, a New York-based fund reported 59,008 shares. Moreover, Levin Cap Strategies L P has 0% invested in TransAlta Corporation (TSE:TA) for 10,000 shares. Susquehanna Gru Ltd Liability Partnership accumulated 52,886 shares or 0% of the stock. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in TransAlta Corporation (TSE:TA). The California-based Capital Research Glob Invsts has invested 0.01% in TransAlta Corporation (TSE:TA). Gilman Hill Asset Ltd Liability Co reported 12,090 shares or 0.04% of all its holdings.
Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 1 sale for $252,975 net activity. $252,975 worth of TransAlta Corporation (TSE:TA) was 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 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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