Is a good buy tac now ?

**TransAlta's current valuation suggests it is a good buy**, considering its financial health and market sentiment. Here's why: 1. **Attractive Valuation Metrics**: TransAlta's Price to Book Ratio (P/B) of 3.49 indicates that the stock is trading at a discount to its book value. This could present a buying opportunity, especially if the market perceives growth potential. 2. **Strong Dividend Yield**: The dividend yield of 2.12% as of July 25, 2024, is attractive for income-seeking investors, and the recent increase in dividend payouts suggests a commitment to shareholder returns. |Ticker|Name|Total Revenue|ROE(Average)|Net Income|Gross Profit Margin|Dividend Yield (TTM)|Diluted EPS|Date|code|market_code| |---|---|---|---|---|---|---|---|---|---|---| |TAC.N|Transalta|6.9940916068E8|13.2735|1.7577548072E8|61.6684||0.5317577568|20240331|TAC|169| |TAC.N|Transalta|||||||20240725|TAC|169| 3. **Positive Analyst Ratings and Price Targets**: Analysts have given a consensus rating of "Buy" and set an average price target of $11.15, indicating potential upside from the current price. |Ticker|Name|RSI|MACD|KDJ|Date|code|market_code| |---|---|---|---|---|---|---|---| |TAC.N|Transalta|57.4780||36.0255|20240724|TAC|169| |TAC.N|Transalta||0.0186||20240725|TAC|169| 4. **Technical Indicators Point to Strength**: The stock's RSI of 57.48 is near the midpoint, suggesting it is neither overbought nor oversold. Additionally, the stock is trading above its 5-Day, 10-Day, and 50-Day moving averages, which could indicate a bullish trend. |Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---|---| |TAC.N|Transalta|7.1100|7.1040|7.2130|20240725|TAC|169| 5. **Institutional Confidence**: Institutional investors have significantly increased their holdings of TransAlta, indicating confidence in the company's future prospects. 6. **Recent Positive Momentum**: The stock has shown positive momentum, with a recent gain of 7.30% in 3 months. This could continue if the company's financial performance and market conditions remain favorable. In conclusion, TransAlta's current valuation, dividend yield, and positive analyst sentiment suggest it is a good buy for investors seeking a combination of income and growth potential. However, investors should consider their individual risk tolerance and investment horizon before making any investment decisions.