TAC Stock Forecast: All the More Reason to Consider Transalta Corp (TAC) Now

Transalta Corp (NYSE: TAC) is -34.13% lower on its value in year-to-date trading and has touched a low of $5.94 and a high of $14.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TAC stock was last observed hovering at around $8.76 in the last trading session, with the day’s gains setting it 0.56%.

Currently trading at $9.32, the stock is -8.77% and -20.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing 6.39% at the moment leaves the stock -5.72% off its SMA200. TAC registered 35.07% gain for a year compared to 6-month gain of 4.37%.

The stock witnessed a -14.02% loss in the last 1 month and extending the period to 3 months gives it a -27.13%, and is -3.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.41% over the week and 4.33% over the month.

Transalta Corp (TAC) has around 1205 employees, a market worth around $2.77B and $2.08B in sales. Current P/E ratio is 21.96 and Fwd P/E is 44.20. Profit margin for the company is 6.38%. Distance from 52-week low is 56.90% and -36.34% from its 52-week high. The company has generated returns on investments over the last 12 months (3.83%).

The EPS is expected to shrink by -21.66% this year, but quarterly earnings will post -13.08% year-over-year.

Transalta Corp (TAC) Top Institutional Holders

The shares outstanding are 297.50M, and float is at 295.16M with Short Float at 3.40%.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 47.92 million shares valued at $339.28 million. The investor’s holdings represent 15.5585% of the TAC Shares outstanding. As of 2024-06-30, the second largest holder is BROOKFIELD CORP /ON/ with 35.51 million shares valued at $251.88 million to account for 11.7196 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.25 million shares representing 3.327% and valued at over $72.55 million, while BANK OF MONTREAL /CAN/ holds 2.8778 of the shares totaling 8.86 million with a market value of $62.01 million.