TRANSALTA CORP (TA.CA) Forecast, Price Target & Analyst Ratings

TSX:TA • CA89346D1078

17.19 CAD
-0.13 (-0.75%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TRANSALTA CORP (TA.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$23.09
+ 34.32% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release DateMay 5, 2026
PeriodQ1 / 2026
EPS EstimateCA$0.10
Revenue Estimate
 → Full earnings forecast details

ChartMill Buy Consensus

Rating
78.89%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$23.09
Upside
+ 34.32%
From current price of CA$17.19 to mean target of CA$23.09, Based on 18 analyst forecasts
Low
CA$14.14
Median
CA$24.48
High
CA$28.35

Price Target Revisions

1 Month
-0.40%
3 Months
-0.20%

Price Target Summary

18 Wall Street analysts provided a forecast for the next 12 months for TA.CA. The average price target is 23.09 CAD. This implies a price increase of 34.32% is expected in the next year compared to the current price of 17.19.
The average price target has been revised downward by 0.2% in the past 3 months.
 → Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TA Current Analyst RatingTA Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

TA Historical Analyst RatingsTA 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
78.89%
TA.CA was analyzed by 18 analysts. The buy percentage consensus is at 79. So analysts seem to be have mildly positive about TA.CA.
In the previous month the buy percentage consensus was at a similar level.
TA.CA was analyzed by 18 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
2025-01-06Desjardins SecuritiesDowngrade Buy -> Hold
2023-06-06SCOTIABANK GBMMaintains Outperform -> Outperform
2022-12-15Credit SuisseUpgrade Outperform
2022-11-09National Bank of Canada FinancialUpgrade Sector Perform
2022-11-09TD ResearchDowngrade Buy
2022-11-09Scotiabank CapitalUpgrade Outperform
2022-11-09STA ResearchMaintains Hold
2022-11-09ATB CapitalUpgrade
2022-11-09Credit SuisseUpgrade Outperform
2022-11-08CIBC Capital MarketsMaintains Sector Perform
2022-10-25National Bank of Canada FinancialDowngrade
2022-10-25STA ResearchDowngrade Hold
2022-10-25Credit SuisseDowngrade Outperform
2022-10-20Scotiabank CapitalDowngrade Strong Buy
2022-10-18CIBC Capital MarketsDowngrade
2022-09-26Scotiabank CapitalUpgrade Outperform
2022-09-26STA ResearchMaintains Hold
2022-08-24Credit SuisseDowngrade
2022-08-08TD ResearchDowngrade Buy
2022-08-08Scotiabank CapitalMaintains Outperform
2022-08-08STA ResearchMaintains Hold
2022-08-05CIBC Capital MarketsMaintains Outperform
2022-06-22CIBC Capital MarketsUpgrade Outperform
2022-05-09National Bank of Canada FinancialUpgrade Sector Perform
2022-05-09BMO FinancialMaintains Outperform

Next Earnings Forecast Details

Next Earnings Details

Release DateMay 5, 2026
PeriodQ1 / 2026
EPS EstimateCA$0.10
Revenue EstimateN/A
Revenue Q2QN/A
EPS Q2Q-3.87%
Number of Analysts7

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
18.89%
EPS (3 Months)
18.89%

Next Earnings Summary

TA.CA is expected to report earnings on 5/5/2026. The consensus EPS estimate for the next earnings is 0.1 CAD and the consensus revenue estimate is null CAD.
 → Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

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

2023 2024 2025 2026 2027 2028 2029
Revenue
YoY % growth
TA.CA revenue by date.TA.CA revenue by date.
3.355B
12.74%		2.845B
-15.20%		2.405B
-15.47%		2.159B
-10.23%		2.266B
4.96%		2.551B
12.58%		N/A
EBITDA
YoY % growth
TA.CA ebitda by date.TA.CA ebitda by date.
1.662B
45.92%		1.186B
-28.64%		706M
-40.47%		1.034B
46.46%		1.098B
6.19%		1.287B
17.21%		1.46B
13.44%
EBIT
YoY % growth
TA.CA ebit by date.TA.CA ebit by date.
1.041B
92.78%		655M
-37.08%		127M
-80.61%		501.68M
295.02%		543.29M
8.29%		720.96M
32.70%		N/A
Operating Margin
TA.CA operating margin by date.TA.CA operating margin by date.
31.03%23.02%5.28%23.24%23.98%28.26%N/A
EPS
YoY % growth
TA.CA eps by date.TA.CA eps by date.
2.47
24,600.00%		0.56
-77.33%		0.20
-64.29%		0.17
-17.50%		0.40
140.14%		0.86
116.09%		N/A

All data in CAD

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

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.10
-3.87%		0.16
-10.73%		0.02
189.25%		0.09
250.50%		0.03
-71.07%		0.27
69.23%		-0.15
-930.93%		0.11
26.61%		0.22
677.78%		0.48
75.38%		0.03
122.92%		0.26
130.63%
Revenue
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EBITDA
Q2Q % growth		246.66M
-5.49%		290.05M
-5.52%		248.96M
-46.92%		271.78M
-49.86%		260.33M
5.54%		315.57M
8.80%		242.73M
-2.50%		302.37M
11.26%		311.61M
19.70%		370.03M
17.26%		291.54M
20.11%		345.34M
14.21%
EBIT
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

All data in CAD

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

TA.CA Yearly Revenue VS EstimatesTA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
TA.CA Yearly EPS VS EstimatesTA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
62.38%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-3.09%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
29.89%
EBIT Next 5 Year
25.56%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TRANSALTA CORP / TA.CA Forecast FAQ

What do analysts expect the price target to be for TRANSALTA CORP (TA.CA)?

18 analysts have analysed TA.CA and the average price target is 23.09 CAD. This implies a price increase of 34.32% is expected in the next year compared to the current price of 17.19.


When does TRANSALTA CORP (TA.CA) report earnings?

TRANSALTA CORP (TA.CA) will report earnings on 2026-05-05.


Can you provide the consensus rating for TRANSALTA CORP stock?

The consensus rating for TRANSALTA CORP (TA.CA) is 78.8889 / 100 . This indicates that analysts generally have a positive outlook on the stock.