TransAlta Stock Price Expected to Rise, Desjardins Analyst Says
TAC Stock | USD 13.85 0.06 0.43% |
About 52% of TransAlta Corp's shareholders are presently thinking to get in. The analysis of overall sentiment of trading TransAlta Corp stock suggests that some investors are interested at this time. The current market sentiment, together with TransAlta Corp's historical and current headlines, can help investors time the market. In addition, many technical investors use TransAlta Corp stock news signals to limit their universe of possible portfolio assets.
TransAlta |
TransAlta had its price objective boosted by stock analysts at Desjardins from C15.50 to C16.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a hold rating on the stock. Desjardins price target would suggest a potential downside of 22.93 percent from the companys previous
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TransAlta Corp Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards TransAlta Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
TransAlta Corp Fundamental Analysis
We analyze TransAlta Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TransAlta Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TransAlta Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
TransAlta Corp is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
TransAlta Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TransAlta Corp stock to make a market-neutral strategy. Peer analysis of TransAlta Corp could also be used in its relative valuation, which is a method of valuing TransAlta Corp by comparing valuation metrics with similar companies.
Peers
TransAlta Corp Related Equities
VST | Vistra Energy | 2.17 | ||||
NRG | NRG Energy | 1.34 | ||||
PAM | Pampa Energia | 1.12 | ||||
KEN | Kenon Holdings | 1.09 | ||||
HGKGY | Power Assets | 0.31 | ||||
AGLXY | AGL Energy | 1.29 |
Complementary Tools for TransAlta Stock analysis
When running TransAlta Corp's 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 the 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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