Short Term Rating on TransCanada Corporation (TRP)

TransCanada Corporation (TRP) : 4 analysts are covering TransCanada Corporation (TRP) and their average rating on the stock is 2.25, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. TransCanada Corporation (TRP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TransCanada Corporation (TRP) : The consensus price target for TransCanada Corporation (TRP) is $49.13 for the short term with a standard deviation of $7.73. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $58, however, the pessimist price target for the company is $44.

For the current week, the company shares have a recommendation consensus of Buy.


TransCanada Corporation (NYSE:TRP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.70 and $45.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.25, notching a gain of 0.72% for the day. The total traded volume was 1,206,053 . The stock had closed at $45.92 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.

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