TransCanada (NYSE:TRP) (TSE:TRP) announced its earnings results on Thursday. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.12, reports. TransCanada had a net margin of 14.40% and a return on equity of 11.99%.
Shares of TransCanada (NYSE TRP) traded up $1.64 during midday trading on Thursday, hitting $44.56. The company had a trading volume of 429,883 shares, compared to its average volume of 1,400,413. 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 has a 52-week low of $41.24 and a 52-week high of $51.85. The firm has a market capitalization of $37,690.85, a P/E ratio of 28.65, a PEG ratio of 2.07 and a beta of 0.60.
A number of equities analysts have recently issued reports on TRP shares. Zacks Investment Research upgraded shares of TransCanada from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Friday, February 2nd. Bank of America started coverage on shares of TransCanada in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. TD Securities upgraded shares of TransCanada to a “buy” rating in a research report on Wednesday, November 29th. TheStreet lowered shares of TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Morgan Stanley raised their target price on shares of TransCanada from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. TransCanada currently has an average rating of “Buy” and a consensus target price of $57.25.
TransCanada Company Profile
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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