Transalta Stock Today

TAC
 Stock
  

USD 9.38  0.10  1.05%   

Market Performance
0 of 100
Odds Of Distress
Less than 49
Transalta Corp is trading at 9.38 as of the 27th of November 2022, a -1.05 percent decrease since the beginning of the trading day. The stock's open price was 9.48. Transalta Corp has 49 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Transalta Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2021 and ending today, the 27th of November 2022. Click here to learn more.
CUSIP
89346D107
Fiscal Year End
December
Business Domain
Utilities
IPO Date
31st of July 2001
Category
Utilities
Classification
Utilities
TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. The company was founded in 1909 and is headquartered in Calgary, Canada. Transalta Corp operates under UtilitiesIndependent Power Producers classification in the United States and is traded on New York Stock Exchange. The company has 271 M outstanding shares of which 1.66 M shares are at this time shorted by investors with about 3.77 days to cover. More on Transalta Corp
Follow Valuation Odds of Bankruptcy
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Transalta Corp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Transalta Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Transalta Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Transalta Corp has high likelihood to experience some financial distress in the next 2 years
The company reported the last year's revenue of 2.65 B. Reported Net Loss for the year was (428 M) with profit before taxes, overhead, and interest of 970 M.
About 73.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: NRG vs. NEE Which Stock Is the Better Value Option - Nasdaq
CEODawn Farrell
Average Analyst Recommendation
Analysts covering Transalta Corp report their recommendations after researching Transalta Corp's financial statements, talking to executives and customers, or listening in on Transalta Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Transalta Corp. The Transalta consensus assessment is calculated by taking the average forecast from all of the analysts covering Transalta Corp.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Transalta Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Transalta Corp (TAC) is traded on New York Stock Exchange in USA and employs 1,282 people. The company currently falls under 'Mid-Cap' category with total capitalization of 2.54 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Transalta Corp's market, we take the total number of its shares issued and multiply it by Transalta Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Transalta Corp runs under Utilities sector within Utilities—Independent Power Producers industry. The entity has 271 M outstanding shares of which 1.66 M shares are at this time shorted by investors with about 3.77 days to cover. Transalta Corp has about 898 M in cash with 986 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.32.
Check Transalta Corp Probability Of Bankruptcy
Ownership
Transalta Corp shows a total of two hundred seventy-one million outstanding shares. The majority of Transalta Corp outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Transalta Corp to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Transalta Corp. Please pay attention to any change in the institutional holdings of Transalta Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Transalta Ownership Details

Transalta Stock Price Odds Analysis

What are Transalta Corp's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Transalta Corp jumping above the current price in 90 days from now is about 25.04%. The Transalta Corp probability density function shows the probability of Transalta Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Transalta Corp has a beta of 0.911. This usually implies Transalta Corp market returns are sensitive to returns on the market. As the market goes up or down, Transalta Corp is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Transalta Corp is significantly underperforming DOW.
  Odds Below 9.38HorizonTargetOdds Above 9.38
74.78%90 days
 9.38 
25.04%
Based on a normal probability distribution, the odds of Transalta Corp to move above the current price in 90 days from now is about 25.04 (This Transalta Corp probability density function shows the probability of Transalta Stock to fall within a particular range of prices over 90 days) .

Transalta Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Transalta Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Transalta Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Transalta Corp's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares28.7 K327 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares28.7 K297 K
View Transalta Corp Diagnostics

Transalta Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Transalta Corp market risk premium is the additional return an investor will receive from holding Transalta Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Transalta Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Transalta Corp's alpha and beta are two of the key measurements used to evaluate Transalta Corp's performance over the market, the standard measures of volatility play an important role as well.

Transalta Stock Against Markets

Picking the right benchmark for Transalta Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Transalta Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Transalta Corp is critical whether you are bullish or bearish towards Transalta Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Transalta Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Transalta Corp Corporate Directors

Transalta Corp corporate directors refer to members of a Transalta Corp board of directors. The board of directors generally takes responsibility for the Transalta Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Transalta Corp's board members must vote for the resolution. The Transalta Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
William Anderson - Independent DirectorProfile
Alan Fohrer - Independent DirectorProfile
Sandra Sharman - Independent DirectorProfile
Yakout Mansour - Independent DirectorProfile

Invested in Transalta Corp?

The danger of trading Transalta Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Transalta Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Transalta Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Transalta Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the Transalta Corp information on this page should be used as a complementary analysis to other Transalta Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Transalta Corp price analysis, check to measure Transalta Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Transalta Corp is operating at the current time. Most of Transalta Corp's value examination focuses on studying past and present price action to predict the probability of Transalta Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Transalta Corp's price. Additionally, you may evaluate how the addition of Transalta Corp to your portfolios can decrease your overall portfolio volatility.
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Is Transalta Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Transalta Corp. If investors know Transalta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Transalta Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.5 B
Quarterly Revenue Growth YOY
0.093
Return On Assets
0.038
Return On Equity
13.87
The market value of Transalta Corp is measured differently than its book value, which is the value of Transalta that is recorded on the company's balance sheet. Investors also form their own opinion of Transalta Corp's value that differs from its market value or its book value, called intrinsic value, which is Transalta Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Transalta Corp's market value can be influenced by many factors that don't directly affect Transalta Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Transalta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Transalta Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transalta Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.