TransAlta (TAC) Gets a Hold Rating from Credit Suisse

By Ryan Adsit

Credit Suisse analyst Andrew Kuske maintained a Hold rating on TransAlta (TACResearch Report) on September 17 and set a price target of $10. The company’s shares closed last Monday at $6.43.

Kuske has an average return of 4.4% when recommending TransAlta.

According to, Kuske is ranked #1415 out of 5554 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for TransAlta with a $7.82 average price target, a 21.2% upside from current levels. In a report issued on September 17, CIBC also reiterated a Hold rating on the stock with a $10 price target.

See today’s analyst top recommended stocks >>

Based on TransAlta’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.47 million. In comparison, last year the company had a GAAP net loss of $73.58 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind & Solar, Hydro, Energy Marketing and Corporate.