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TransAlta (TAC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

TAC Stock Forecast

TransAlta (TAC) stock forecast, based on 5 Wall Street analysts, predicts a 12-month average price target of $16.00, with a high of $16.00 and a low of $16.00. This represents a 46.52% increase from the last price of $10.92.

$6 $8 $10 $12 $14 $16 High: $16 Avg: $16 Low: $16 Last Closed Price: $10.92

TAC Stock Rating

TransAlta stock's rating consensus is Buy, based on 5 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (80.00%), 1 Hold (20.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 5 0 1 4 Strong Sell Sell Hold Buy Strong Buy

TAC Forecast vs Benchmarks

TypeNameUpside
StockTransAlta46.52%
SectorUtilities Stocks11.08%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$10.92$10.92$10.92
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25434-112
Dec, 24432-110
Nov, 24434-112
Oct, 244541115
Sep, 243541114
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 16, 2022RBC Capital$16.00$9.3072.04%46.52%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 08, 2025CIBCOutperformNeutraldowngrade
Jan 07, 2025National BankOutperformOutperformhold
Oct 30, 2024DesjardinsBuyinitialise
Oct 18, 2024CIBCOutperformOutperformhold
Sep 20, 2024BMO CapitalOutperformOutperformhold
Aug 06, 2024National BankOutperformOutperformhold
Jul 22, 2024CIBCOutperformOutperformhold
Jun 12, 2024CIBCOutperformOutperformhold
Apr 19, 2024CIBCOutperformOutperformhold
Dec 16, 2022RBC CapitalOutperformOutperformhold

Financial Forecast

EPS Forecast

$-2 $-1 $0 $1 $2 $3 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.92$-1.57$0.59$2.33-----
Avg Forecast$-0.60$0.03$1.11$2.63$0.81$0.40$0.24$0.56$0.89
High Forecast$-0.63$0.03$1.04$2.50$0.63$0.39$0.23$0.53$0.85
Low Forecast$-0.58$0.04$1.17$2.77$0.99$0.41$0.25$0.59$0.94
Surprise %53.33%-5333.33%-46.85%-11.41%-----

Revenue Forecast

$2B $3B $3B $4B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.10B$2.72B$2.98B$4.10B-----
Avg Forecast$2.12B$2.69B$2.74B$3.35B$2.85B$2.46B$2.11B$2.53B$2.58B
High Forecast$2.07B$2.62B$2.61B$3.23B$2.76B$2.37B$2.04B$2.44B$2.49B
Low Forecast$2.17B$2.76B$2.86B$3.49B$2.93B$2.56B$2.20B$2.63B$2.69B
Surprise %-0.88%1.27%8.57%22.37%-----

Net Income Forecast

$-2B $-1B $-500M $0 $500M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-253.00M$-425.00M$161.00M$695.00M-----
Avg Forecast$-166.95M$-897.61M$-1.11B$-1.20B$222.53M$110.12M$65.59M$154.76M$245.97M
High Forecast$-172.50M$-1.08B$-1.33B$-1.44B$173.08M$107.44M$62.47M$147.41M$234.28M
Low Forecast$-161.40M$-718.08M$-885.73M$-961.14M$271.98M$112.81M$68.99M$162.80M$258.74M
Surprise %51.54%-52.65%-114.54%-157.85%-----

TAC Forecast FAQ

Is TransAlta stock a buy?

TransAlta stock has a consensus rating of Buy, based on 5 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 4 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that TransAlta is a favorable investment for most analysts.

What is TransAlta's price target?

TransAlta's price target, set by 5 Wall Street analysts, averages $16 over the next 12 months. The price target range spans from $16 at the low end to $16 at the high end, suggesting a potential 46.52% change from the previous close price of $10.92.

How does TransAlta stock forecast compare to the average forecast of its sector, industry, and investment themes?

TransAlta stock forecast shows a 46.52% upside, outperforming the average forecast for the utilities stocks sector (11.08%).

What is the breakdown of analyst ratings for TransAlta over the past three months?

  • January 2025: 33.33% Strong Buy, 25.00% Buy, 33.33% Hold, 0% Sell, 8.33% Strong Sell.
  • December 2024: 40.00% Strong Buy, 30.00% Buy, 20.00% Hold, 0% Sell, 10.00% Strong Sell.
  • November 2024: 33.33% Strong Buy, 25.00% Buy, 33.33% Hold, 0% Sell, 8.33% Strong Sell.

What is TransAlta’s EPS forecast?

TransAlta's average annual EPS forecast for its fiscal year ending in December is 0.81 for 2024, a -65.24% decrease from the reported $2.33 in 2023. The prediction for 2025 is $0.4, $0.24 for 2026, $0.56 for 2027, and $0.89 for 2028.

What is TransAlta’s revenue forecast?

TransAlta's average annual revenue forecast for its fiscal year ending in December is $2.85B for 2024, a -30.57% decrease from the reported $4.1B in 2023. The forecast for 2025 is $2.46B, $2.11B for 2026, $2.53B for 2027, and $2.58B for 2028.

What is TransAlta’s net income forecast?

For its fiscal year ending in December, TransAlta's average annual net income forecast is $222.53M for 2024, reflecting a -67.98% decrease from the reported $695M in 2023. The projection for 2025 is $110.12M, $65.59M for 2026, $154.76M for 2027, and $245.97M for 2028.