TransAlta Corp's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 35 out of 67 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 21.00.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of TransAlta Corp is 6.68, ranking 54 out of 67 in the Electric Utilities & IPPs industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 397.30M, representing a year-over-year increase of 6.25%, while its net profit experienced a year-over-year increase of 0.90%.
Key Metrics
The current valuation score of TransAlta Corp is 5.95, ranking 56 out of 67 in the Electric Utilities & IPPs industry. Its current P/E ratio is -27.37, which is -3366.21% below the recent high of 894.09 and -61.82% above the recent low of -44.30.
The current earnings forecast score of TransAlta Corp is 7.00, ranking 33 out of 67 in the Electric Utilities & IPPs industry. The average price target is 19.00, with a high of 27.00 and a low of 13.99.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of TransAlta Corp is 7.51, ranking 12 out of 67 in the Electric Utilities & IPPs industry. Currently, the stock price is trading between the resistance level at 14.18 and the support level at 11.36, making it suitable for range-bound swing trading.
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The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Electric Utilities & IPPs domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of TransAlta Corp is 5.44, ranking 42 out of 67 in the Electric Utilities & IPPs industry. The company's beta value is 0.56. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
