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 $11.09, down 2.8% from the previous day, and has increased 59.8% in one year. It has underperformed other stocks in the Utilities - Independent Power Producers industry by 0.21 percentage points. Transalta stock is currently +63.57% from its 52-week low of $6.78, and -24.25% from its 52-week high of $14.64.
At the moment, there are 296.6M shares of TAC outstanding. The market capitalization of TAC is $3.29B. In the last 24 hours, 2.59M 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.
How to Set Up a New Account on eToro
- 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.
- Provide your personal data to create a new trading account.
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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 undervalued based on its P/B ratio of 2.62x, relative to Utilities - Independent Power Producers industry P/B ratio of 7.11x
You can access additional valuation analysis on TAC's stock here.
TAC Financial Health Summary
Negative Financial Indicators:
- TAC's operating cash flow of $405.07M allows it to safely service it's debt of $2.81B.
- There are more short-term liabilities than short-term assets on the TAC balance sheet.
- Total TAC debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the TAC balance sheet.
- TAC earnings of $332.61M is not enough to cover its interest payments.
- TAC profit margin has gone down from 17.8% to 0% in the past year.
- TAC has a relatively high debt to equity ratio of 4.42.
Do Wall Street analysts think it's a good time to buy TAC stock
Out of 2 Equities analysts who give recommendations on TAC, the consensus analyst rating on Transalta is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Transalta stock forecast page.
TAC Technicals
TAC Revenue
Last year, TAC earnings were $724.64k. In the past 5 year, TAC's earnings have increased by -100% per year. This was slower than the Utilities - Independent Power Producers industry average of 14.48%.
Last year, TAC revenue was $1.92B. During the past five year, TAC's revenue has gone up by 3.02% per year. This was slower than the Utilities - Independent Power Producers industry average of 13.7%.
Find out more about TAC's earnings and revenue performance here.
Latest Insiders Trades at TAC
Over the last 12 months, executives and large shareholders at TAC have not bought or sold any shares.
Get more info about who owns TAC shares here.
Does TAC stock generate passive income?
No, Transalta doesn't provide an income stream by paying out dividends.
What others are saying about TAC
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your TAC trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.
Press the Open Trade button and your broker will place your order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Watch your TAC position
Now that you own some TAC shares, you'll want to keep up with your investment.
Put TAC on a watchlist to monitor 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 place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Transalta, create your watchlist below.
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