Buy, Sell or Hold: Transalta Corp (TA-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Transalta Corp (TA-T)

TSE:TA

10.77

0.05 (0.46%) 1d

DON'T BUY

3x book value. It got there by buying back stock, thereby trashing its balance sheet. By paying out equity, they've raised ROE and pushed up price to book. It's a technical move, as opposed to positive fundamentals.

electrical / electronic

BUY

TA is way cheaper than RNW and has more upside. But he likes both.

electrical / electronic

TOP PICK

It is reducing its coal plants and growing its renewables. It made a good deal with Brookfield a few years ago which has two experienced members on the Board as well as a significant equity stake. It had a bit of a soft quarter but looking to improve. A low risk stock with 10 to 15 % growth and a dividend. Buy 9, Hold 3, Sell 0 (Analysts’ price target is $16.34)

electrical / electronic

TOP PICK

Mainly in Alberta. Pivoting away from coal, towards renewables. 50% valuation discount to pure play renewable power generators. Defensive like a utility, but backdoor play on strength in the oil patch. Bought it for the income, as well as potential capital appreciation. Breaking out on the charts. Yield is 1.40%. (Analysts’ price target is $16.45)

electrical / electronic

DON'T BUY

He prefers Canadian Utilities, because it's better managed with fewer legacy problems. TA has disappointed investors in the past.

electrical / electronic

BUY

TA vs. RNW vs. AQN AQN's growth rate is 13%, trading around $17, a discount to the group. At these levels, when not many people are owning it and not expecting much, AQN pays a nice dividend. RNW had turbine problems and pulled back. TA is at a discount to the sum of its parts, as it owns RNW but doesn't get full value in the share price. TA is the better buy for upside.

electrical / electronic

HOLD

A regulated utility. Need to think about interest rates sensitivity. Need to buy it at the right time. If rates go up, be underweight until interest rates peak out, near 2% to jump into utilities. Wouldn't sell but would not buy more.

electrical / electronic

BUY

Transalta vs. Transalta Renewables Transalta, becuse it's cheaper, and it owns 40% of TR anyway. They just announced a plan to transition away from coal and gas into wind and power. It trades at 8x EBITDA, whereas TR is 13x.

electrical / electronic

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has shown a strong quarter reporting 7 cents per EPS vs the expected 5 cents. EBITDA has increased 39% with free cash flow increasing 55%. Shares trade at 8x EV to EBITDA, which is in the middle of their historic range. The momentum is encouraging. Unlock Premium - Try 5i Free

electrical / electronic

HOLD

For a TFSA or RRSP? A decent income stock. She owns some utilities. They're transitioning out of coal. Continue to hold it. She holds growth stocks in an RRSP for the sheltering. A cash account is the best place to hold an income stock so you can take advantage of the dividend tax credit.

electrical / electronic

BUY

Can charge more for assets because of the SCC decision, so they'll be more highly regarded. It's fine.

electrical / electronic

PAST TOP PICK

(A Top Pick Jan 28/20, Up 22%) Gives him exposure to renewable infrastructure. TA has rebounded since the pandemic. TA is viewed as Alberta power, but it also co-owns subsidiary Transalta Renewables (wind and solar power generation). You get the rest of TA for free, really, if you strip out T-Renewables. The price of electricity has really come back recently which has boosted shares. This is undervalued and he still likes it.

electrical / electronic

COMMENT

Owns Transalta renewables. The utility sector as a whole suffers from being not too cheap, fairly leveraged and so he would prefer to get companies that have better cashflow.

electrical / electronic

BUY

Just had a strong Q2 and reinforced their guidance. There's an extra $3 of value here. Brookfield just made an investment. Has a great balance sheet. Renewables are a hot area, too. With their cash, they can buy back lots of shares. Trading at a 15% free cash yield vs. 9% from its peers.

electrical / electronic

TOP PICK

Has a $12 price target. Brookfield owns a portion and will buy more. Its ESG score has risen. It's a turnaround story and underowned. Good for renewable exposure. (Analysts’ price target is $10.97)

electrical / electronic

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Transalta Corp(TA-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Transalta Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Transalta Corp(TA-T) Frequently Asked Questions

What is Transalta Corp stock symbol?

Transalta Corp is a Canadian stock, trading under the symbol TA-T on the Toronto Stock Exchange (TA-CT). It is usually referred to as TSX:TA or TA-T

Is Transalta Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about TA-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Transalta Corp.

Is Transalta Corp a good investment or a top pick?

Transalta Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Transalta Corp.

Why is Transalta Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Transalta Corp worth watching?

2 stock analysts on Stockchase covered Transalta Corp In the last year. It is a trending stock that is worth watching.

What is Transalta Corp stock price?

On 2023-03-22, Transalta Corp (TA-T) stock closed at a price of $10.77.

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Transalta Corp(TA-T) Rating

Transalta Corp(TA-T) Frequently Asked Questions

What is Transalta Corp stock symbol?

Is Transalta Corp a buy or a sell?

Is Transalta Corp a good investment or a top pick?

Why is Transalta Corp stock dropping?

Is Transalta Corp worth watching?

What is Transalta Corp stock price?

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Transalta Corp (TA-T)

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Transalta Corp(TA-T)

Transalta Corp(TA-T)

Transalta Corp(TA-T)

Transalta Corp(TA-T) Rating

Transalta Corp(TA-T) Frequently Asked Questions

What is Transalta Corp stock symbol?

Is Transalta Corp a buy or a sell?

Is Transalta Corp a good investment or a top pick?

Why is Transalta Corp stock dropping?

Is Transalta Corp worth watching?

What is Transalta Corp stock price?

You may also like:

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

The Weekly Buzzing Stocks by Billy Kawasaki

Michael Sprung

Stockchase Insights

Jim Cramer - Mad Money

Christine Poole