How to Buy Transalta Stock
Transalta Corp
Transalta is a independent power producer company located in Alberta, Canada, which is part of the Utilities sector, and is traded under the ticker TAC on the NYSE exchange.
Transalta stock last closed at $8.91, down 1.98% from the previous day, and has increased 34.19% in one year. It has underperformed other stocks in the Utilities - Independent Power Producers industry by 0.23 percentage points. Transalta stock is currently +33.38% from its 52-week low of $6.68, and -39.14% from its 52-week high of $14.64.
At the moment, there are 297.48M shares of TAC outstanding. The market capitalization of TAC is $2.65B. In the last 24 hours, 627,136 TAC shares were traded.
How to Buy Transalta Stock
Not sure how to invest in Transalta stock? Here's how.
- Figure out where to buy Transalta stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Transalta stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your details.
- Research Transalta stock: The Transalta ticker symbol is TAC. Is Transalta stock a good investment? Should you buy shares of TAC? How do TAC's underlying business fundamentals look? Do top analysts think Transalta is a good buy? Why has TAC's stock price moved recently? (Hint: Our stock market analysis website can help you understand if TAC is a good stock to buy).
- Place your TAC trade: Decide if you will purchase TAC shares at the current market price or use a limit order to buy TAC shares at a given price.
- Watch your TAC position: Create a watchlist to key updates about your investment in Transalta stock.
Step 1: Figure out where to buy Transalta stock
You will need a brokerage account in order to access the NYSE market and buy TAC shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal details so you can buy TAC today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your brokerage account
Now that you've opened your account on the best app for stock investing, you need to deposit funds:
Check out this video walkthrough to see the process of depositing money into your new brokerage account.
Step 4: Research Transalta stock
After you have figured out the best place to buy Transalta stock, it's critical to analyze their stock before you buy, so you can comprehend the risk and upside.
Transalta quick stats
TAC Due Diligence Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on TAC's stock page.
Is TAC stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TAC's fair value.
Using relative valuations measures:
- TAC could be overvalued based on its P/E ratio of 21.47x, relative to Utilities - Independent Power Producers industry P/E ratio of 18.2x
- TAC could be undervalued based on its P/B ratio of 2.16x, relative to Utilities - Independent Power Producers industry P/B ratio of 5.2x
- TAC could be overvalued based on its PEG ratio of 2.85x
You can access additional valuation analysis on TAC's stock here.
TAC Financial Health Summary
Positive Financial Indicators:
- TAC's operating cash flow of $560.56M allows it to safely service it's debt of $2.68B.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the TAC balance sheet.
- Total TAC debt is higher than 5 years ago, relative to shareholder equity.
- TAC earnings of $445.77M is not enough to cover its interest payments.
- TAC has a relatively high debt to equity ratio of 4.39.
- TAC profit margin has gone down from 19.2% to 6.2% in the past year.
- There are more short-term liabilities than short-term assets on the TAC balance sheet.
Is Transalta stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Equities analysts who give ratings on TAC, the consensus analyst rating on TAC is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Transalta stock forecast page.
TAC Technicals
How are TAC Revenues/Earnings doing?
Last year, TAC earnings were $124.65M. Over the last five year, TAC's earnings have grown by 24.51% per year. This was faster than the Utilities - Independent Power Producers industry average of 13.2%.
Last year, TAC revenue was $2.00B. During the last five year, TAC's revenue has grown by 1.98% per year. This was slower than the Utilities - Independent Power Producers industry average of 12.37%.
Dive into TAC's earnings and revenue performance here.
Who is buying/selling TAC?
In the last 12 months, insiders at TAC have not bought or sold any shares.
Dig into more about who owns TAC shares here.
Does TAC stock generate passive income?
No, Transalta doesn't provide an income stream by paying out dividends.
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Step 5: Place your TAC trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and your broker will execute the order.
If you need more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your TAC position
Now that you own some TAC stock, you'll want to keep up with your stock purchase.
Make a watchlist to get notified of important updates regarding your TAC stock.
TAC Feed
How to Buy Stock in Transalta
To reiterate, here are the 6 steps to buy stock in Transalta:
- Figure out where to buy Transalta stock
- Open your brokerage account
- Put funds into your brokerage account
- Research Transalta stock
- Place your TAC trade
- Watch your TAC position
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Transalta, get started below.
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