TransCanada Corporation (TRP) : Zacks Investment Research ranks TransCanada Corporation (TRP) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2.25, which indicates as a Buy.
TransCanada Corporation (TRP) : The highest level TransCanada Corporation (TRP) is projected to reach is $58 for the short term and the lowest estimate is at $44. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $49.64 and the possibility the share price can swing is $7.43.
For the current week, the company shares have a recommendation consensus of Buy. TransCanada Corporation (NYSE:TRP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.16 and $47.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.70, notching a gain of 1.55% for the day. The total traded volume was 596,440 . The stock had closed at $46.97 on the previous day.
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.