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TransCanada (NYSE:TRP) shares hit a new 52-week high during mid-day trading on Monday , Stock Ratings reports. The company traded as high as $52.36 and last traded at $51.89, with a volume of 1,868,584 shares changing hands. The stock had previously closed at $51.13.

TRP has been the subject of a number of recent research reports. 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. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities downgraded shares of TransCanada from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. They now have a $56.00 price target on the stock, up previously from $55.00. Finally, analysts at Citigroup Inc. downgraded shares of TransCanada from an “outperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $58.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.25.

The stock has a 50-day moving average of $50.31 and a 200-day moving average of $47.02. The company has a market cap of $36.993 billion and a price-to-earnings ratio of 22.94.

TransCanada (NYSE:TRP) last released its earnings data on Thursday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that TransCanada will post $2.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, September 26th.

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

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