TransCanada (TRP) – Research Analysts’ Weekly Ratings Updates

TransCanada (NYSE: TRP) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – TransCanada had its price target lowered by analysts at Morgan Stanley from $54.00 to $51.00. They now have an “overweight” rating on the stock.
  • 2/6/2018 – TransCanada was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States. “
  • 2/2/2018 – TransCanada was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States. “
  • 1/23/2018 – TransCanada was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States. “
  • 1/20/2018 – TransCanada was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States. “
  • 1/11/2018 – TransCanada was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States. “
  • 1/11/2018 – TransCanada was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $54.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/9/2018 – TransCanada is now covered by analysts at Bank of America Corp. They set a “buy” rating on the stock.

Shares of TransCanada Co. (NYSE:TRP) opened at $42.08 on Monday. TransCanada Co. has a one year low of $41.24 and a one year high of $51.85. The company has a market cap of $36,927.38, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.03 and a beta of 0.60. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68.

TransCanada (NYSE:TRP) (TSE:TRP) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.12. TransCanada had a net margin of 14.40% and a return on equity of 11.99%. equities analysts forecast that TransCanada Co. will post 2.33 earnings per share for the current year.

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

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