National Bank Financial Comments on TransCanada Co.’s FY2018 Earnings (TRP)

TransCanada Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at National Bank Financial increased their FY2018 earnings per share (EPS) estimates for shares of TransCanada in a research note issued to investors on Wednesday. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $3.19 for the year, up from their previous estimate of $3.15. National Bank Financial currently has a “Sector Perform” rating and a $69.00 target price on the stock.

Several other equities analysts have also recently issued reports on TRP. J P Morgan Chase & Co lifted their price target on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday. CIBC lifted their price target on TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. Finally, TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and lifted their price target for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$73.75.

Shares of TransCanada (TRP) traded up C$0.13 during mid-day trading on Monday, hitting C$61.89. The stock had a trading volume of 903,161 shares, compared to its average volume of 1,496,507. TransCanada has a one year low of C$58.12 and a one year high of C$65.24.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, December 28th. TransCanada’s dividend payout ratio (DPR) is presently 120.79%.

In related news, Director Stephanie Wilson sold 1,000 shares of TransCanada stock in a transaction on Monday, September 11th. The stock was sold at an average price of C$62.48, for a total value of C$62,480.00. Also, Director Patrick M. Keys sold 600 shares of TransCanada stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total value of C$38,898.00. Insiders sold a total of 3,532 shares of company stock worth $222,780 over the last 90 days.

WARNING: This piece was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/05/national-bank-financial-comments-on-transcanada-co-s-fy2018-earnings-trp.html.

About TransCanada

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.

What are top analysts saying about TransCanada Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TransCanada Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit