The stock of TransAlta Corporation (USA) (NYSE:TAC) is a huge mover today! About 123,331 shares traded hands or 167.17% up from the average. TransAlta Corporation (USA) (NYSE:TAC) has declined 14.49% since April 22, 2016 and is downtrending. It has underperformed by 19.90% the S&P500.
The move comes after 8 months positive chart setup for the $1.67 billion company. It was reported on Nov, 25 by Barchart.com. We have $5.44 PT which if reached, will make NYSE:TAC worth $83.50M more.
Analysts await TransAlta Corporation (USA) (NYSE:TAC) to report earnings on February, 16.
TransAlta Corporation (USA) (NYSE:TAC) Ratings Coverage
Out of 4 analysts covering TransAlta (NYSE:TAC), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. TransAlta has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. As per Friday, February 19, the company rating was maintained by RBC Capital Markets. The company was upgraded on Monday, November 23 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Underperform” on Monday, November 2. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, May 4. The rating was downgraded by BMO Capital Markets on Thursday, January 14 to “Market Perform”. IBC upgraded the shares of TAC in a report on Tuesday, August 25 to “Sector Underperform” rating. The rating was upgraded by Credit Suisse on Wednesday, September 16 to “Neutral”. As per Monday, August 24, the company rating was upgraded by BMO Capital Markets. RBC Capital Markets upgraded the shares of TAC in a report on Monday, November 7 to “Sector Perform” rating. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, January 18 report.
According to Zacks Investment Research, “TransAlta is Canada’s largest non-regulated electric generation and marketing company.”
More notable recent TransAlta Corporation (USA) (NYSE:TAC) news were published by: Fool.ca which released: “TransAlta Corporation: Time to Buy This Stock?” on November 24, 2016, also Fool.ca with their article: “Why TransAlta Corporation Remains an Unattractive Investment” published on April 21, 2016, Fool.ca published: “TransAlta Corporation: 3 Reasons This Turnaround Could Be Massive” on July 08, 2016. More interesting news about TransAlta Corporation (USA) (NYSE:TAC) were released by: Fool.ca and their article: “Is TransAlta Corporation a Good Investment?” published on June 17, 2016 as well as Fool.ca‘s news article titled: “Should Investors Buy TransAlta Corporation or TransAlta Renewables Inc.?” with publication date: October 21, 2016.
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