For its third fiscal quarter (ending September 30), TransAlta Corp (NYSE: TAC) has reported a -109% decline in E.P.S. from $1.41 a year ago to $-0.12 in the current quarter. For the latest four quarters through September 30, E.P.S. were $0.53 compared to $2.14 a year ago — a decline of -75%.
Recent Price Action
TransAlta Corp (NYSE: TAC) stock closed at $11.07 on 11/5/24 after a very large increase of 7.6%. Moreover, trading volume in this advance was exceptionally high at 219% of normal. The stock has risen 8.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TAC is expected to continue to be a modest Value Builder.
TransAlta has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TransAlta has a poor Appreciation Score of 22 but a very high Power Rating of 92, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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