Transalta Corp (TAC) Stock Could Soon Reward Patient Investors

Transalta Corp (NYSE: TAC) is -18.94% lower on its value in year-to-date trading and has touched a low of $6.78 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 $11.09 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $11.47, the stock is 14.72% and 23.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 3.43% at the moment leaves the stock 9.10% off its SMA200. TAC registered 60.20% gain for a year compared to 6-month loss of -13.04%.

The stock witnessed a 26.04% gain in the last 1 month and extending the period to 3 months gives it a 18.37%, and is 10.18% up 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 4.82% over the week and 2.72% over the month.

Transalta Corp (TAC) has around 1205 employees, a market worth around $3.40B and $1.91B in sales. Fwd P/E is 82.13. Profit margin for the company is 0.01%. Distance from 52-week low is 69.17% and -21.65% from its 52-week high. The company has generated returns on investments over the last 12 months (0.00%).

The EPS is expected to shrink by -16.64% this year, but quarterly earnings will post -5.47% year-over-year.

Transalta Corp (TAC) Top Institutional Holders

The shares outstanding are 296.60M, and float is at 294.61M with Short Float at 4.01%.

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 15.8153% 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 3.3819% and valued at over $72.55 million, while BANK OF MONTREAL /CAN/ holds 2.9253 of the shares totaling 8.86 million with a market value of $62.01 million.