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Shares of TransCanada (TSE:TRP) have received an average rating of “Buy” from the nine analysts that are covering the stock, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$57.33.

TRP has been the subject of a number of recent research reports. Analysts at TD Securities downgraded shares of TransCanada to a “hold” rating in a research note on Friday, August 1st. They now have a C$56.00 price target on the stock, up previously from C$55.00. Separately, analysts at RBC Capital raised their price target on shares of TransCanada from C$57.00 to C$61.00 in a research note on Friday, August 1st. Finally, analysts at Citigroup Inc. upgraded shares of TransCanada from a “neutral” rating to a “buy” rating in a research note on Monday, June 30th.

TransCanada (TSE:TRP) opened at 55.67 on Friday. TransCanada has a one year low of $43.94 and a one year high of $56.34. The stock’s 50-day moving average is $53.87 and its 200-day moving average is $51.13. The company has a market cap of $39.414 billion and a P/E ratio of 22.78.

TransCanada (TSE:TRP) last announced its earnings results on Friday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.04. Analysts expect that TransCanada will post $2.36 EPS for the current fiscal year.

TransCanada Corporation (TSE:TRP) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.

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