TransCanada Corporation (NYSE:TRP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.25 by 4 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of TransCanada Corporation (NYSE:TRP). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $43 per share from a prior target of $33. The rating by the firm was issued on May 2, 2016.
TransCanada Corporation (NYSE:TRP): 3 Analyst have given the stock of TransCanada Corporation (NYSE:TRP) a near short term price target of $49.13. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $7.73. The higher price target estimate is at $58 while the lower price estimates are fixed at $44.
TransCanada Corporation (NYSE:TRP) rose 1.94% or 0.85 points on Tuesday and made its way into the gainers of the day. After trading began at $43.59 the stock was seen hitting $44.839 as a peak level and $43.59 as the lowest level. The stock ended up at $44.65. The daily volume was measured at 1,475,344 shares. The 52-week high of the share price is $44.839 and the 52-week low is $28.4. The company has a market cap of $31,344 million.
Shares of TransCanada Corporation rose by 4.05% in the last five trading days and 9.54% for the last 4 weeks. TransCanada Corporation is up 19.47% in the last 3-month period. Year-to-Date the stock performance stands at 38.57%.
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.