TransAlta Renewables’ (RNW) Hold Rating Reiterated at Raymond James

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Raymond James restated their hold rating on shares of TransAlta Renewables (TSE:RNW) in a report published on Tuesday morning. The firm currently has a C$12.50 target price on the stock.

Several other research analysts have also recently issued reports on RNW. CIBC dropped their target price on shares of TransAlta Renewables from C$13.00 to C$12.00 in a report on Wednesday, October 24th. Royal Bank of Canada dropped their target price on shares of TransAlta Renewables from C$14.00 to C$13.00 and set a sector perform rating on the stock in a report on Friday, November 2nd. Desjardins dropped their target price on shares of TransAlta Renewables from C$13.00 to C$12.50 in a report on Friday, November 2nd. National Bank Financial dropped their target price on shares of TransAlta Renewables from C$12.50 to C$12.00 in a report on Friday, October 5th. Finally, TD Securities upgraded shares of TransAlta Renewables from a hold rating to a buy rating and set a C$13.00 target price on the stock in a report on Friday, November 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. TransAlta Renewables presently has a consensus rating of Hold and a consensus target price of C$12.78.

TSE RNW opened at C$11.14 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.60 and a debt-to-equity ratio of 44.14. TransAlta Renewables has a 12 month low of C$9.76 and a 12 month high of C$13.32.

TransAlta Renewables (TSE:RNW) last issued its earnings results on Thursday, November 1st. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.18). The business had revenue of C$90.00 million for the quarter, compared to the consensus estimate of C$95.80 million. As a group, sell-side analysts predict that TransAlta Renewables will post 0.840000021818182 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 31st will be given a dividend of $0.0783 per share. This represents a $0.94 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend is Monday, January 14th. TransAlta Renewables’s payout ratio is 135.44%.

TransAlta Renewables Company Profile

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of October 19, 2018, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,421 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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