TransCanada (NYSE:TRP) (TSE:TRP) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a $54.00 price target on the pipeline company’s stock. Morgan Stanley’s price target indicates a potential upside of 12.81% from the company’s current price. The analysts noted that the move was a valuation call.
Several other equities analysts also recently weighed in on TRP. Bank of America assumed coverage on TransCanada in a research report on Tuesday. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on TransCanada in a research report on Thursday, October 5th. They set an “overweight” rating on the stock. TD Securities raised TransCanada to a “buy” rating in a research report on Wednesday, November 29th. TheStreet downgraded TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research downgraded TransCanada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $59.25.
TransCanada (TRP) traded up $0.40 during midday trading on Thursday, hitting $47.87. The stock had a trading volume of 966,528 shares, compared to its average volume of 912,586. The company has a market cap of $42,020.00, a P/E ratio of 29.73, a P/E/G ratio of 1.99 and a beta of 0.66. 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 $45.07 and a 52-week high of $51.85.
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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