TransCanada (TRP) Posts Quarterly Results
TransCanada (TSE:TRP) released its earnings data on Friday. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.04, Stock Ratings News reports.
Shares of TransCanada (TSE:TRP) opened at 54.70 on Friday. TransCanada has a 52 week low of $43.94 and a 52 week high of $56.34. The stock has a 50-day moving average of $52.62 and a 200-day moving average of $50.61. The company has a market cap of $38.728 billion and a price-to-earnings ratio of 23.21.
A number of research firms have recently commented on TRP. Analysts at Citigroup Inc. upgraded shares of TransCanada from a “neutral” rating to a “buy” rating in a research note on Monday, June 30th. On the ratings front, analysts at FirstEnergy Capital raised their price target on shares of TransCanada from C$54.00 to C$55.00 in a research note on Thursday, June 5th. They now have a “market perform” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TransCanada has an average rating of “Buy” and a consensus target price of C$56.13.
TransCanada Corporation (TSE:TRP) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.
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