TransAlta Corp (NYSE: TAC) has recently experienced important negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted TransAlta Corp (NYSE: TAC): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TAC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
TransAlta has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. TransAlta has a very low Power Rating of 14 and a very low Appreciation Score of 7, with the Lowest Value Trend Rating the result.
Recent Price Action
TransAlta Corp (NYSE: TAC) stock closed at $7.01 on 2/26/24 after a decline of -4.4%. Moreover, exceptionally high trading volume at 215% of normal accompanied the decline. The stock has risen 0.6% during the last week but has been weak relative to the market over the last nine months.
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