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TransAlta (TAC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

TAC Stock Forecast

TransAlta (TAC) stock forecast, based on 6 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 83.49% increase from the last price of $8.72.

$6 $8 $10 $12 $14 $16 High: $16 Avg: $16 Low: $16 Last Closed Price: $8.72

TAC Stock Rating

TransAlta stock's rating consensus is Buy, based on 6 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (83.33%), 1 Hold (16.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 6 1 5 0 Strong Sell Sell Hold Buy Strong Buy

TAC Price Target Upside V Benchmarks

TypeNameUpside
StockTransAlta83.49%
SectorUtilities Stocks10.00%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$8.72$8.72$8.72
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25333-110
Mar, 25333-110
Feb, 25324-110
Jan, 25434-112
Dec, 24432-110
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 16, 2022RBC Capital$16.00$9.3072.04%83.49%
Analyst Rating Forecasts
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$0.89
High Forecast$-0.58$0.04$1.17$2.77$0.99$0.41$0.25$0.59$0.94
Low Forecast$-0.63$0.03$1.04$2.50$0.63$0.39$0.23$0.53$0.85
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$2.17B$2.76B$2.86B$3.49B$2.93B$2.56B$2.20B$2.63B$2.69B
Low Forecast$2.07B$2.62B$2.61B$3.23B$2.76B$2.37B$2.04B$2.44B$2.49B
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$245.97M
High Forecast$-161.40M$-718.08M$-885.73M$-961.14M$271.98M$112.81M$68.99M$162.80M$258.74M
Low Forecast$-172.50M$-1.08B$-1.33B$-1.44B$173.08M$107.44M$62.47M$147.41M$234.28M
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 6 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 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 6 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 83.49% change from the previous closing price of $8.72.

How does TransAlta stock forecast compare to its benchmarks?

TransAlta's stock forecast shows a 83.49% upside, outperforming the average forecast for the utilities stocks sector (10.00%).

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

  • April 2025: 30.00% Strong Buy, 30.00% Buy, 30.00% Hold, 0% Sell, 10.00% Strong Sell.
  • March 2025: 30.00% Strong Buy, 30.00% Buy, 30.00% Hold, 0% Sell, 10.00% Strong Sell.
  • February 2025: 30.00% Strong Buy, 20.00% Buy, 40.00% Hold, 0% Sell, 10.00% Strong Sell.

What is TransAlta’s EPS forecast?

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

What is TransAlta’s revenue forecast?

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

What is TransAlta’s net income forecast?

TransAlta's net income forecast for the fiscal year ending in December 2024 stands at $222.53M, representing a -67.98% decrease from the reported $695M in 2023. Projections indicate $110.12M in 2025, $65.59M in 2026, $154.76M in 2027, and $245.97M in 2028.