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See what the IHS Markit Score report has to say about TransAlta Corp.

IHS Markit

TransAlta Corp

NYSE:TAC

Score: Positive (91)

142 days at current score.

Upgraded from Neutral on June 26th 2017

View full report here!

Summary


  • This company ranked positively in all 3 IHS Markit categories and the Utilities sector
  • Perception of the company's creditworthiness is positive
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low
  • Economic output in this company's sector is contracting


Bearish sentiment

Short interest | Positive

Short interest is extremely low for TAC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TAC.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding TAC are favorable, with net inflows of $1.49 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit

There is no PMI sector data available for this security.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. TAC credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.

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This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.