TransAlta Corporation (USA) (TAC) was Downgraded by RBC Capital Mkts to ” Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 5.50 from a previous price target of $5 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on TransAlta Corporation (USA). TransAlta Corporation (USA) was Downgraded by Credit Suisse to ” Underperform” on Apr 22, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 5 from a previous price target of $4.50 .
TransAlta Corporation (USA) opened for trading at $5.2 and hit $5.295 on the upside on Monday, eventually ending the session at $5.28, with a gain of 1.15% or 0.06 points. The heightened volatility saw the trading volume jump to 1,26,181 shares. Company has a market cap of $1,500 M.
TransAlta Corporation (TransAlta) is engaged in the production and sale of electric energy. The Company is organized into three business segments: Generation Energy Marketing and Corporate. The Generation segment is responsible for constructing operating and maintaining the Company’s electricity generation as well as the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Energy Marketing segment also encompasses the management of available generating capacity as well as the fuel and transmission needs of the Generation business. The Corporate segment provides finance tax treasury legal regulatory environmental health and safety sustainable development corporate communications government and investor relations procurement information technology risk management human resources internal audit and other administrative services.