Are Analysts Too Bullish On Transalta Corp (TAC)

Transalta Corp (NYSE:TAC) currently has a daily average trading volume of 1.60M but it saw 3130603 shares traded in last market. With a market cap of 2.54B USD, the company’s current market price of $8.52 came falling about -5.96 while comparing to the previous closing price of $9.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.64 and as low as $6.78.

Taking a look at 20-day trading activity of Transalta Corp (TAC) gives us an average price of $8.81, while its current price level is -41.80% below from 52-week high level whereas it is 25.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.23 while that of 200 days or SMA-200 reads an average of $10.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.99% during that period while stretching the period over a month that increases to 4.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.58 which implies that the stock is in neutral territory.

Over the week, TAC’s stock price is moving -4.38% down while it is 2.28% when we observe its performance for the past one month. Year-to-date it is -39.79% down and over the past year, the stock is showing an upside performance of 20.51%.

Currently, Transalta Corp’s total number of outstanding shares is 297.50M with 0.27% of that held by the insiders while 75.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.83% and return on equity (ROE) at 14.31%. It has a price to earnings ratio (P/E ratio) of 20.08 while having a 52.99 of forward P/E ratio. Stock’s beta reads 0.71. Stock has a price to book (P/B) ratio of 4.53 while price to sale or P/S ratio amounts to 1.22. Its return on asset (ROA) is 2.59% on average.