TransCanada Receives Average Recommendation of “Buy” from Brokerages (TSE:TRP)
TransCanada (TSE:TRP) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, AR Network reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$56.00.
Shares of TransCanada (TSE:TRP) traded down 0.55% on Wednesday, hitting $50.60. The stock had a trading volume of 92,901 shares. TransCanada has a 52 week low of $43.94 and a 52 week high of $51.89. The stock has a 50-day moving average of $50.96 and a 200-day moving average of $49.10. The company has a market cap of $35.825 billion and a P/E ratio of 21.47.
TransCanada (TSE:TRP) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. On average, analysts predict that TransCanada will post $2.44 earnings per share for the current fiscal year.
A number of research firms have recently commented on TRP. Analysts at TD Securities raised their price target on shares of TransCanada from C$54.00 to C$55.00 in a research note on Monday, May 5th. Separately, analysts at Canaccord Genuity downgraded shares of TransCanada to a “hold” rating in a research note on Monday, April 21st. Finally, analysts at CSFB raised their price target on shares of TransCanada from C$54.00 to C$58.00 in a research note on Monday, April 14th. They now have an “outperform” rating on the stock.
TransCanada Corporation (TSE:TRP) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.