Transalta Corp (NYSE: TAC) has a price-to-earnings ratio that is above its average at 27.28x. The stock has a 36-month beta value of 0.88. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for TAC is 296.66M, and at present, short sellers hold a 1.14% of that float. On November 15, 2024, the average trading volume of TAC was 755.58K shares.
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TAC) stock’s latest price update
The stock of Transalta Corp (NYSE: TAC) has increased by 3.70 when compared to last closing price of 10.00. Despite this, the company has experienced a -1.61% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-14 that CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) — Highlights TransAlta and ECP have agreed to an $80 million purchase price reduction to reflect two required asset divestitures representing 97 MW (net ownership) Transaction revalued at approximately $542 million, inclusive of the assumption of $232 million of low-cost debt, and subject to a further favourable economic adjustment of approximately $80 million, reflecting the economic benefit of the Heartland business arising since the effective date of the transaction of October 31, 2023, prior to working capital adjustments Heartland portfolio valued at a net price of approximately $270 per kilowatt, with an expected EBITDA multiple1 of approximately 5.4 times Highly accretive to free cash flow, with an attractive cash yield upon closing underpinned by approximately 60% of revenues contracted with a weighted-average remaining life of 15 years Corporate pre-tax synergies of approximately $20 million per annum Transaction to add 1,747 MW (net interest) of complementary capacity, including contracted cogeneration and peaking generation, legacy gas-fired thermal generation, transmission capacity, and potential hydrogen development opportunities, all of which will be critical to support reliability in the Alberta electricity market Enhances and further diversifies TransAlta’s competitive portfolio in the highly dynamic and shifting electricity landscape in Alberta TransAlta Corporation (TSX: TA; NYSE: TAC) (“TransAlta” or “Company”) announced today that it has entered into an amending agreement to the share purchase agreement (the “Amending Agreement”) with an affiliate of Energy Capital Partners (“ECP”), the parent of Heartland Generation Ltd. and Alberta Power (2000) Ltd.
TAC’s Market Performance
TAC’s stock has fallen by -1.61% in the past week, with a monthly drop of -1.80% and a quarterly rise of 23.01%. The volatility ratio for the week is 2.89% while the volatility levels for the last 30 days are 3.58% for Transalta Corp The simple moving average for the past 20 days is 0.66% for TAC’s stock, with a 31.56% simple moving average for the past 200 days.
TAC Trading at 2.73% from the 50-Day Moving Average
After a stumble in the market that brought TAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.62% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -1.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.74% upper at present.
During the last 5 trading sessions, TAC fell by -1.61%, which changed the moving average for the period of 200-days by +43.23% in comparison to the 20-day moving average, which settled at $10.30. In addition, Transalta Corp saw 24.79% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TAC
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.52 for the gross margin
The net margin for Transalta Corp stands at 0.19. The total capital return value is set at 0.15. Equity return is now at value 11.29, with 2.30 for asset returns.
Based on Transalta Corp (TAC), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 2.34. The interest coverage ratio of the stock is 3.71.
Currently, EBITDA for the company is 1.71 billion with net debt to EBITDA at 2.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.57. The receivables turnover for the company is 6.65for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To sum up, Transalta Corp (TAC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
