TransCanada (NYSE:TRP) (TSE:TRP) was upgraded by equities research analysts at Edward Jones from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other equities analysts have also commented on the stock. Morgan Stanley raised shares of TransCanada from an “equal weight” rating to an “overweight” rating and set a $54.00 target price on the stock in a research report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of TransCanada from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. TD Securities raised shares of TransCanada to a “buy” rating in a research report on Friday, November 10th. TheStreet lowered shares of TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Bank of America initiated coverage on shares of TransCanada in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $57.25.
TransCanada (NYSE TRP) opened at $45.75 on Friday. The company has a market cap of $39,586.36, a P/E ratio of 17.33, a PEG ratio of 2.02 and a beta of 0.60. TransCanada has a 1 year low of $41.24 and a 1 year high of $51.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.51.
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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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