TransAlta Renewables Inc (RNW.CA) Forecast, Price Target & Analyst Ratings

TSX:RNW • CA8934631091

Current stock price

12.48 CAD
+0.14 (+1.13%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TransAlta Renewables Inc (RNW.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$13.25
+ 6.14% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
N/A
Period
Q3 / 2023
EPS Estimate
CA$0.12
Revenue Estimate
112.25M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
50.77%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$13.25
Upside
+ 6.14%
From current price of CA$12.48 to mean target of CA$13.25, Based on 13 analyst forecasts
Low
CA$12.12
Median
CA$13.26
High
CA$14.18

Price Target Revisions

1 Month
-0.01%
3 Months
-2.41%

Price Target Summary

13 Wall Street analysts provided a forecast for the next 12 months for RNW.CA. The average price target is 13.25 CAD. This implies a price increase of 6.14% is expected in the next year compared to the current price of 12.48.
The average price target has been revised downward by 2.41% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

RNW Current Analyst RatingRNW Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

RNW Historical Analyst RatingsRNW Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
50.77%
RNW.CA was analyzed by 13 analysts. The buy percentage consensus is at 51. So analysts seem to be rather neutral about RNW.CA.
In the previous month the buy percentage consensus was at a similar level.
RNW.CA was analyzed by 13 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-12-15National Bank of Canada FinancialDowngrade Sector Perform
2022-11-28Industrial Alliance SecuritiesInitiate Buy
2022-11-07Raymond James CapitalDowngrade Market Perform
2022-11-07RBC RoyalbankDowngrade Sector Perform
2022-11-07TD ResearchDowngrade Hold
2022-11-07Scotiabank CapitalMaintains Sector Perform
2022-11-04CIBC Capital MarketsMaintains Outperform
2022-10-25Credit SuisseDowngrade Sector Perform
2022-10-20Scotiabank CapitalDowngrade Strong Buy
2022-10-18CIBC Capital MarketsDowngrade
2022-10-07National Bank of Canada FinancialDowngrade Sector Perform
2022-08-24Scotiabank CapitalMaintains Sector Perform
2022-08-24Credit SuisseUpgrade
2022-08-08National Bank of Canada FinancialUpgrade Sector Perform
2022-08-05Scotiabank CapitalMaintains Sector Perform
2022-08-04CIBC Capital MarketsMaintains Neutral
2022-07-21CIBC Capital MarketsDowngrade
2022-05-09National Bank of Canada FinancialUpgrade Sector Perform
2022-05-05Raymond James CapitalInitiate Market Perform
2022-05-05RBC RoyalbankDowngrade Sector Perform
2022-05-05TD ResearchUpgrade Hold
2022-05-05Scotiabank CapitalMaintains Sector Perform
2022-04-28National Bank of Canada FinancialUpgrade Sector Perform
2022-04-13RBC RoyalbankDowngrade Sector Perform
2022-02-28CIBC Capital MarketsDowngrade Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
N/A
Period
Q3 / 2023
EPS Estimate
CA$0.12
Revenue Estimate
112.25M
Revenue Q2Q
-9.48%
EPS Q2Q
277.95%
Number of Analysts
9

Next Earnings Revisions

Revenue (1 Month)
99,895.80%
Revenue (3 Months)
0.32%
EPS (1 Month)
0.00%
EPS (3 Months)
15.11%

Next Earnings Summary

The next earnings revenue estimate has been revised upward by 0.32% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2026

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
RNW.CA revenue by date.RNW.CA revenue by date.
436M
-2.24%		470M
7.80%		560M
19.15%		493.98M
-11.79%		537.39M
8.79%		548.59M
2.08%		522.68M
-4.72%
EBITDA
YoY % growth
RNW.CA ebitda by date.RNW.CA ebitda by date.
262M
-3.68%		236M
-9.92%		263M
11.44%		504.48M
91.82%		520.96M
3.27%		518.81M
-0.41%		482.98M
-6.91%
EBIT
YoY % growth
RNW.CA ebit by date.RNW.CA ebit by date.
127M
-6.62%		86M
-32.28%		122M
41.86%		205M
68.03%		245.59M
19.80%		264.91M
7.87%		N/A
Operating Margin
RNW.CA operating margin by date.RNW.CA operating margin by date.
29.13%18.30%21.79%41.50%45.70%48.29%N/A
EPS
YoY % growth
RNW.CA eps by date.RNW.CA eps by date.
0.34
-50.72%		0.51
50.00%		0.28
-45.29%		0.62
123.00%		0.72
15.50%		0.88
21.93%		0.60
-31.98%

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.12
277.95%		0.27
79.56%		0.14
-16.82%		0.08
61.60%		0.08
-36.76%		0.21
-22.00%		0.32
124.29%		0.23
182.50%		0.17
111.54%		0.26
24.04%
Revenue
Q2Q % growth		112.25M
-9.48%		170.1M
10.45%		135.08M
13.51%		100.02M
1.03%		104.99M
-6.47%		143.91M
-15.40%		130.53M
-3.37%		120.31M
20.29%		112.65M
7.30%		151.08M
4.98%
EBITDA
Q2Q % growth		109.22M
-0.71%		149.88M
-18.54%		152.3M
134.31%		111.89M
41.63%		109.35M
0.12%		145.52M
-2.91%		155.36M
2.01%		128.64M
14.97%		120.82M
10.49%		159.36M
9.51%
EBIT
Q2Q % growth		59.59M
1,886.33%		96.96M
125.49%		N/AN/AN/AN/AN/AN/AN/AN/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

RNW.CA Yearly Revenue VS EstimatesRNW.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M 500M
RNW.CA Yearly EPS VS EstimatesRNW.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
46.44%
EPS Next 5 Year
20.90%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-0.38%
Revenue Next 5 Year
-1.49%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
56.41%
EBIT Next 5 Year
37.38%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TransAlta Renewables Inc / RNW.CA Forecast FAQ

What is the average price target for TransAlta Renewables Inc (RNW.CA) stock?

13 analysts have analysed RNW.CA and the average price target is 13.25 CAD. This implies a price increase of 6.14% is expected in the next year compared to the current price of 12.48.

Can you provide the consensus estimates for TransAlta Renewables Inc next earnings?

The consensus EPS estimate for the next earnings of TransAlta Renewables Inc (RNW.CA) is 0.12 CAD and the consensus revenue estimate is 112.25M CAD.

How many analysts cover TransAlta Renewables Inc (RNW.CA) stock?

The number of analysts covering TransAlta Renewables Inc (RNW.CA) is 13.