TransAlta (TAC) Stock Forecast, Price Target & Predictions
TAC Stock Forecast
TransAlta stock forecast is as follows: an average price target of $16.00 (represents a 75.44% upside from TAC’s last price of $9.12) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
TAC Price Target
The average price target for TransAlta (TAC) is $16.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $16.00. This represents a potential 75.44% upside from TAC's last price of $9.12.
TAC Analyst Ratings
According to 3 Wall Street analysts, TransAlta's rating consensus is 'Buy'. The analyst rating breakdown for TAC stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
TransAlta Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 16, 2022 | - | RBC Capital | $16.00 | $9.30 | 72.04% | 75.44% |
The latest TransAlta stock forecast, released on Dec 16, 2022 by RBC Capital company, set a price target of $16.00, which represents a 72.04% increase from the stock price at the time of the forecast ($9.30), and a 75.44% increase from TAC last price ($9.12).
TransAlta Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $9.12 | $9.12 | $9.12 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of TransAlta stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TransAlta's last price of $9.12. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 06, 2024 | National Bank | Outperform | Outperform | Hold |
| Jul 22, 2024 | CIBC | Outperform | Outperform | Hold |
| Jun 12, 2024 | CIBC | Outperform | Outperform | Hold |
| Apr 19, 2024 | CIBC | Outperform | Outperform | Hold |
| Dec 16, 2022 | RBC Capital | Outperform | Outperform | Hold |
TransAlta's last stock rating was published by National Bank on Aug 06, 2024. The company gave TAC a "Outperform" rating, the same as its previous rate.
TransAlta Financial Forecast
TransAlta Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $1.09B | $854.00M | $929.00M | $458.00M | $735.00M | $610.00M | $850.00M | $619.00M | $642.00M | $544.00M | $514.00M | $437.00M | $606.00M | $609.00M | $593.00M | $497.00M | $648.00M | $622.00M | $593.00M |
| Avg Forecast | $551.05M | $541.35M | $482.68M | $574.59M | $529.54M | $536.70M | $613.89M | $987.55M | $414.49M | $620.02M | $537.86M | $632.63M | $553.66M | $513.37M | $449.19M | $428.89M | $368.45M | $415.01M | $368.34M | $422.70M | $386.54M | $364.83M | $329.63M | $357.49M | $378.30M | $369.31M | $368.39M | $436.40M | $115.72M | $98.83M |
| High Forecast | $551.05M | $541.35M | $482.68M | $574.59M | $529.54M | $536.70M | $613.89M | $987.55M | $414.49M | $620.02M | $537.86M | $632.63M | $553.66M | $513.37M | $449.19M | $428.89M | $368.45M | $415.01M | $368.34M | $422.70M | $386.54M | $364.83M | $329.63M | $357.49M | $378.30M | $369.31M | $368.39M | $436.40M | $138.87M | $118.60M |
| Low Forecast | $551.05M | $541.35M | $482.68M | $574.59M | $529.54M | $536.70M | $613.89M | $987.55M | $414.49M | $620.02M | $537.86M | $632.63M | $553.66M | $513.37M | $449.19M | $428.89M | $368.45M | $415.01M | $368.34M | $422.70M | $386.54M | $364.83M | $329.63M | $357.49M | $378.30M | $369.31M | $368.39M | $436.40M | $92.58M | $79.07M |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 20 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.72% | 1.54% | 1.81% | 1.02% | 1.71% | 1.66% | 2.05% | 1.68% | 1.52% | 1.41% | 1.41% | 1.33% | 1.70% | 1.61% | 1.61% | 1.35% | 1.48% | 5.38% | 6.00% |
TransAlta's average Quarter revenue forecast for Jun 23 based on 0 analysts is $537.86M, with a low forecast of $537.86M, and a high forecast of $537.86M. TAC's average Quarter revenue forecast represents a -50.61% decrease compared to the company's last Quarter revenue of $1.09B (Mar 23).
TransAlta EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 20 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $626.00M | $231.00M | $434.00M | $115.00M | $379.00M | $147.00M | $-219.00M | $268.00M | $248.00M | $111.00M | $105.00M | $169.00M | $275.00M | $349.00M | $297.00M | $182.00M | $169.00M | $113.00M | $129.00M |
| Avg Forecast | $246.18M | $241.85M | $215.64M | $256.70M | $236.57M | $239.77M | $274.26M | $441.19M | $185.18M | $277.00M | $240.29M | $282.63M | $247.35M | $-186.06M | $200.68M | $191.61M | $164.61M | $-123.39M | $176.88M | $188.84M | $172.69M | $283.50M | $119.29M | $159.71M | $169.01M | $164.99M | $164.58M | $194.96M | $51.70M | $44.15M |
| High Forecast | $246.18M | $241.85M | $215.64M | $256.70M | $236.57M | $239.77M | $274.26M | $441.19M | $185.18M | $277.00M | $240.29M | $282.63M | $247.35M | $-148.85M | $200.68M | $191.61M | $164.61M | $-98.71M | $212.26M | $188.84M | $172.69M | $340.20M | $143.15M | $159.71M | $169.01M | $164.99M | $164.58M | $194.96M | $62.04M | $52.98M |
| Low Forecast | $246.18M | $241.85M | $215.64M | $256.70M | $236.57M | $239.77M | $274.26M | $441.19M | $185.18M | $277.00M | $240.29M | $282.63M | $247.35M | $-223.27M | $200.68M | $191.61M | $164.61M | $-148.06M | $141.50M | $188.84M | $172.69M | $226.80M | $95.44M | $159.71M | $169.01M | $164.99M | $164.58M | $194.96M | $41.36M | $35.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 2.21% | 0.93% | -2.33% | 0.57% | 1.98% | 0.89% | 1.77% | 1.52% | 1.31% | 0.64% | 0.37% | 1.42% | 1.72% | 2.07% | 1.80% | 1.11% | 0.87% | 2.19% | 2.92% |
0 analysts predict TAC's average Quarter EBITDA for Jun 23 to be $240.29M, with a high of $240.29M and a low of $240.29M. This is -61.62% lower than TransAlta's previous annual EBITDA (Mar 23) of $626.00M.
TransAlta Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 20 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $294.00M | $-82.00M | $96.00M | $-59.00M | $186.00M | $-35.00M | $-446.00M | $-2.00M | $-30.00M | $-148.00M | $-126.00M | $-50.00M | $37.00M | $76.00M | $61.00M | $10.00M | $-65.00M | $-102.00M | $-76.00M |
| Avg Forecast | $20.84M | $101.22M | $-2.98M | $83.36M | $21.58M | $60.24M | $27.25M | $-276.35M | $39.25M | $118.10M | $31.58M | $-250.39M | $138.13M | $-378.91M | $36.44M | $-168.30M | $-298.69M | $-251.28M | $-1.32M | $-153.00M | $-29.08M | $-340.20M | $-35.29M | $62.90M | $-21.24M | $219.60M | $20.88M | $-8.87M | $-677.02M | $-273.60M |
| High Forecast | $20.84M | $101.22M | $-2.98M | $83.36M | $21.58M | $60.24M | $27.25M | $-221.08M | $39.25M | $118.10M | $31.58M | $-200.32M | $138.13M | $-303.13M | $36.44M | $-134.64M | $-238.95M | $-201.03M | $-1.06M | $-122.40M | $-29.08M | $-272.16M | $-28.24M | $75.48M | $-21.24M | $263.52M | $25.06M | $-8.87M | $-541.62M | $-218.88M |
| Low Forecast | $20.84M | $101.22M | $-2.98M | $83.36M | $21.58M | $60.24M | $27.25M | $-331.61M | $39.25M | $118.10M | $31.58M | $-300.47M | $138.13M | $-454.69M | $36.44M | $-201.96M | $-358.43M | $-301.54M | $-1.58M | $-183.60M | $-29.08M | $-408.24M | $-42.35M | $50.32M | $-21.24M | $175.68M | $16.70M | $-8.87M | $-812.43M | $-328.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | -1.17% | -0.59% | -0.25% | -1.62% | -1.11% | 0.12% | 1.77% | 1.52% | 0.20% | 5.09% | 0.37% | 1.42% | 0.59% | -3.58% | 0.28% | 0.48% | 7.33% | 0.15% | 0.28% |
TransAlta's average Quarter net income forecast for Jun 23 is $31.58M, with a range of $31.58M to $31.58M. TAC's average Quarter net income forecast represents a -89.26% decrease compared to the company's last Quarter net income of $294.00M (Mar 23).
TransAlta SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 20 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $64.00M | $83.00M | $66.00M | $56.00M | $58.00M | $124.00M | $131.00M | $151.00M | $105.00M | $118.00M | $114.00M | $112.00M | $128.00M | $127.00M | $114.00M | $130.00M | $104.00M | $139.00M | $120.00M |
| Avg Forecast | $50.37M | $49.48M | $44.12M | $52.52M | $48.40M | $49.05M | $56.11M | $967.21M | $37.88M | $56.67M | $49.16M | $57.82M | $50.60M | $111.29M | $41.06M | $39.20M | $33.68M | $73.81M | $99.66M | $38.63M | $35.33M | $307.80M | $79.06M | $217.60M | $34.58M | $33.75M | $271.45M | $39.89M | $10.58M | $9.03M |
| High Forecast | $50.37M | $49.48M | $44.12M | $52.52M | $48.40M | $49.05M | $56.11M | $1.16B | $37.88M | $56.67M | $49.16M | $57.82M | $50.60M | $133.55M | $41.06M | $39.20M | $33.68M | $88.57M | $119.59M | $38.63M | $35.33M | $369.36M | $94.87M | $261.12M | $34.58M | $33.75M | $325.74M | $39.89M | $12.69M | $10.84M |
| Low Forecast | $50.37M | $49.48M | $44.12M | $52.52M | $48.40M | $49.05M | $56.11M | $773.77M | $37.88M | $56.67M | $49.16M | $57.82M | $50.60M | $89.04M | $41.06M | $39.20M | $33.68M | $59.05M | $79.73M | $38.63M | $35.33M | $246.24M | $63.25M | $174.08M | $34.58M | $33.75M | $217.16M | $39.89M | $8.46M | $7.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.64% | 0.59% | 1.36% | 1.48% | 3.68% | 1.77% | 1.52% | 2.72% | 3.34% | 0.37% | 1.42% | 0.59% | 3.67% | 3.38% | 0.48% | 2.61% | 13.14% | 13.28% |
TransAlta's average Quarter SG&A projection for Jun 23 is $49.16M, based on 0 Wall Street analysts, with a range of $49.16M to $49.16M. The forecast indicates a -23.19% fall compared to TAC last annual SG&A of $64.00M (Mar 23).
TransAlta EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | - | - | - | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 20 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $1.10 | $-0.30 | $0.35 | $-0.22 | $0.69 | $-0.13 | $-1.68 | $-0.04 | $-0.11 | $-0.55 | $-0.50 | $-0.22 | $0.10 | $0.27 | $0.18 | $0.04 | $-0.23 | $-0.36 | $-0.30 |
| Avg Forecast | $0.07 | $0.33 | $-0.01 | $0.28 | $0.07 | $0.20 | $0.09 | $0.15 | $0.13 | $0.39 | $0.10 | $0.24 | $0.46 | $0.32 | $0.12 | $0.09 | $0.07 | $0.14 | - | $0.07 | $-0.09 | $-0.07 | $-0.13 | $-0.07 | $-0.07 | $-0.09 | $-0.11 | $-0.03 | $0.67 | $-0.23 |
| High Forecast | $0.07 | $0.33 | $-0.01 | $0.28 | $0.07 | $0.20 | $0.09 | $0.15 | $0.13 | $0.39 | $0.10 | $0.24 | $0.46 | $0.32 | $0.12 | $0.09 | $0.07 | $0.14 | - | $0.07 | $-0.09 | $-0.07 | $-0.13 | $-0.07 | $-0.07 | $-0.09 | $-0.11 | $-0.03 | $0.81 | $-0.18 |
| Low Forecast | $0.07 | $0.33 | $-0.01 | $0.28 | $0.07 | $0.20 | $0.09 | $0.15 | $0.13 | $0.39 | $0.10 | $0.24 | $0.46 | $0.32 | $0.12 | $0.09 | $0.07 | $0.14 | - | $0.07 | $-0.09 | $-0.07 | $-0.13 | $-0.07 | $-0.07 | $-0.09 | $-0.11 | $-0.03 | $0.53 | $-0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 4.66% | -0.66% | 1.09% | -1.86% | 7.29% | -1.84% | -12.35% | -90.20% | -1.52% | 5.81% | 7.44% | 1.69% | -1.37% | -3.91% | -2.09% | -0.31% | 7.99% | -0.53% | 1.29% |
According to 0 Wall Street analysts, TransAlta's projected average Quarter EPS for Jun 23 is $0.10, with a low estimate of $0.10 and a high estimate of $0.10. This represents a -90.52% decrease compared to TAC previous annual EPS of $1.10 (Mar 23).
TAC Forecast FAQ
Is TransAlta a good buy?
Yes, according to 3 Wall Street analysts, TransAlta (TAC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of TAC's total ratings.
What is TAC's price target?
TransAlta (TAC) average price target is $16 with a range of $16 to $16, implying a 75.44% from its last price of $9.12. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will TransAlta stock go up soon?
According to Wall Street analysts' prediction for TAC stock, the company can go up by 75.44% (from the last price of $9.12 to the average price target of $16), up by 75.44% based on the highest stock price target, and up by 75.44% based on the lowest stock price target.
Can TransAlta stock reach $14?
TAC's average twelve months analyst stock price target of $16 supports the claim that TransAlta can reach $14 in the near future.
What are TransAlta's analysts' financial forecasts?
TransAlta's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $2.67B (high $2.67B, low $2.67B), average EBITDA is $1.19B (high $1.19B, low $1.19B), average net income is $-167M (high $-112M, low $-223M), average SG&A $1.12B (high $1.31B, low $927.33M), and average EPS is $0.514 (high $0.514, low $0.514). TAC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.15B (high $2.15B, low $2.15B), average EBITDA is $960.37M (high $960.37M, low $960.37M), average net income is $202.45M (high $202.45M, low $202.45M), average SG&A $196.48M (high $196.48M, low $196.48M), and average EPS is $0.668 (high $0.668, low $0.668).
Did the TAC's actual financial results beat the analysts' financial forecasts?
Based on TransAlta's last annual report (Dec 2022), the company's revenue was $2.98B, beating the average analysts forecast of $1.95B by 53.00%. Apple's EBITDA was $1.16B, beating the average prediction of $453.58M by 155.52%. The company's net income was $161M, missing the average estimation of $-373M by -143.21%. Apple's SG&A was $263M, beating the average forecast of $242.15M by 8.61%. Lastly, the company's EPS was $0.59, missing the average prediction of $0.989 by -40.37%. In terms of the last quarterly report (Mar 2023), TransAlta's revenue was $1.09B, beating the average analysts' forecast of $632.63M by 72.14%. The company's EBITDA was $626M, beating the average prediction of $282.63M by 121.49%. TransAlta's net income was $294M, missing the average estimation of $-250M by -217.41%. The company's SG&A was $64M, beating the average forecast of $57.82M by 10.69%. Lastly, the company's EPS was $1.1, beating the average prediction of $0.236 by 366.30%