TransAlta Corporation (USA) (NYSE:TAC) has been upgraded to Outperform Market Weight in a statement by National Bank Financial earlier today.
- Updated: November 29, 2016
Having a price of $5.40, TransAlta Corporation (USA) (NYSE:TAC) traded -0.92% lower on the day. With the last stock price up 15.11% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. TAC has recorded a 50-day average of $4.36 and a two hundred day average of $4.69. Trade Volume was down over the average, with 41,397 shares of TAC changing hands under the typical 54,498
National Bank Financial has upgraded TransAlta Corporation (USA) (NYSE:TAC) to Outperform Market Weight in a statement released on Thursday November 24, 2016.
Recent Performance Chart
TransAlta Corporation (USA) has PE ratio of 42.52 with a one year low of $2.54 and a one year high of $5.62 and has a market capitalization of $0.
A total of 5 brokerages have issued a ratings update on TransAlta Corporation (USA). zero brokerages rating the company a strong buy, one brokerage rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $6.14.
General Company Details For TransAlta Corporation (USA) (NYSE:TAC)
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S. Coal, Gas, Wind and Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Canadian Coal segment is also responsible for the operation and maintenance of the Company's related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Company operates facilities having approximately 10,208 megawatts of aggregate generating capacity.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.