For its third fiscal quarter (ending September 30), TransAlta Corp (NYSE: TAC) has reported a 513% increase in E.P.S. from $0.23 a year ago to $1.41 in the current quarter. This performance was $1.01 better than the consensus estimate of $0.40. E.P.S. were $2.14 for the latest four quarters through September 30 versus $0.33 for the same period a year ago — an increase of 548%.
Recent Price Action
On 11/7/23, TransAlta Corp (NYSE: TAC) stock enjoyed a large increase of 2.1%, closing at $7.95. Relative to the market the stock has been strong over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
TAC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TransAlta has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TransAlta has a very low Appreciation Score of 8 but a good Power Rating of 75, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment