Is a good buy tac now ?

**TransAlta Corporation (TAC) does not appear to be a strong buy at this time**, based on the analysis of its financial metrics and market indicators. 1. **Valuation Metrics**: TAC's Price to Earnings (P/E) ratio is 5.95, which is lower than the Canadian market average of 14.4. However, the Price to Book (P/B) ratio is 3.96, indicating that the stock may be trading at a reasonable value relative to its book value. |Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|code|market_code| |---|---|---|---|---|---|---|---| |TAC.N|Transalta|20240813|5.946592|1.1006446672108314|3.964395043970227|TAC|169| 2. **Technical Indicators**: The Relative Strength Index (RSI) is at 68.59, which suggests that the stock is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at 0.11, and the KDJ indicator is at 80.06, both of which can be interpreted as bullish signals. |Ticker|Name|Date|RSI|KDJ|MACD|code|market_code| |---|---|---|---|---|---|---|---| |TAC.N|Transalta|20240813|68.5889|80.0619|0.1113|TAC|169| 3. **Fundamental Analysis**: The company's revenue is $425.31 million, and it has a Return on Equity (ROE) of 16.71%, which is healthy. The dividend yield is 2.05%, and the gross profit margin is 66.71%, indicating profitability. |Ticker|Name|Date|Gross Profit Margin|Total Revenue|Dividend Yield (TTM)|Net Income|ROE(Average)|Diluted EPS|code|market_code| |---|---|---|---|---|---|---|---|---|---|---| |TAC.N|Transalta|20240630|66.7103|4.2531423354E8||4.823151102E7|16.7067|0.1315404846|TAC|169| |TAC.N|Transalta|20240813|||2.049854368932039||||TAC|169| 4. **Market Sentiment**: Analysts have a positive outlook on TAC, with a consensus rating of Buy and a potential upside of 86.9% from the current price. However, there are risks associated with earnings growth and dividend stability. 5. **Recent Performance**: The stock has experienced a 33-year change of -9.10%, which may indicate a long-term bearish trend. In conclusion, while TAC shows some positive signs, such as a low P/E ratio and bullish technical indicators, the stock's valuation metrics and the presence of risks suggest caution. Potential investors should consider their investment strategy and risk tolerance before making a decision.