Analyst Price Target Update on TransCanada Corporation (NYSE:TRP)

TransCanada Corporation (NYSE:TRP): The stock price is expected to reach $ 49.13 in the short term. The number of analysts agreeing with this consensus is 3. The higher estimate for the short term price target is at $58 while the lower estimate is at $44. The standard deviation of the price stands at $7.73.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Barclays maintains the rating on TransCanada Corporation (NYSE:TRP). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the price target from $33 per share to $43 per share. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

TransCanada Corporation (NYSE:TRP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.02% at $42.83 with 837,175 shares getting traded. Post opening the session at $42.46, the shares hit an intraday low of $42.34 and an intraday high of $42.89 and the price was in this range throughout the day. The company has a market cap of $30,067 million and the number of outstanding shares have been calculated to be 702,000,000 shares. The 52-week high of TransCanada Corporation (NYSE:TRP) is $44.26 and the 52-week low is $28.4.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies, power generation facilities and other businesses across Canada, the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas, as well as connecting the United States crude oil supplies from the Cushing, Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.

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