Stock Rating Upgrade
In the last week the Value Trend Rating for TransAlta Corp (NYSE: TAC) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 9/13/24, TransAlta Corp (NYSE: TAC) stock declined slightly by -0.2%, closing at $9.12. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 1.8% during the last week.
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 (Low Neutral). This VT Rating improved in recent days from D previously. 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 15 but a good Power Rating of 77, and the Low Neutral Value Trend Rating results.
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