Q2 2017 EPS Estimates for TransAlta Renewables Inc (RNW) Increased by Analyst

TransAlta Renewables Inc (TSE:RNW) – Investment analysts at National Bank Financial boosted their Q2 2017 earnings estimates for shares of TransAlta Renewables in a research report issued to clients and investors on Thursday. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.17 per share for the quarter, up from their prior estimate of $0.16. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock.

RNW has been the subject of a number of other research reports. TD Securities downgraded shares of TransAlta Renewables from a “buy” rating to a “hold” rating and increased their price target for the company from C$15.00 to C$16.00 in a report on Thursday, May 4th. Raymond James Financial, Inc. downgraded shares of TransAlta Renewables from an “outperform” rating to a “market perform” rating in a report on Thursday, April 20th. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of C$15.14.

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Shares of TransAlta Renewables (TSE RNW) opened at 14.57 on Monday. The firm has a market capitalization of $3.26 billion and a P/E ratio of 53.37. The firm has a 50-day moving average of $15.59 and a 200 day moving average of $15.35. TransAlta Renewables has a 52 week low of $12.66 and a 52 week high of $16.25.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 31st will be issued a $0.0733 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.04%.

About TransAlta Renewables

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.

Earnings History and Estimates for TransAlta Renewables (TSE:RNW)

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