Are Analysts Bearish TransCanada Corporation (NYSE:TRP) After Last Week?

January 6, 2018 - By Vivian Currie

 Are Analysts Bearish TransCanada Corporation (NYSE:TRP) After Last Week?

TransCanada Corporation (NYSE:TRP) Ratings Coverage

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. TransCanada Corporation had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The company was downgraded on Thursday, August 6 by Zacks. The stock has “Sector Perform” rating by Scotia Capital on Tuesday, August 4. Wolfe Research maintained TransCanada Corporation (NYSE:TRP) on Monday, May 15 with “Outperform” rating. The stock of TransCanada Corporation (NYSE:TRP) earned “Sector Outperform” rating by IBC on Monday, December 7. The firm has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. Citigroup upgraded it to “Buy” rating and $55 target in Thursday, March 31 report. The firm has “Equal-Weight” rating given on Monday, May 2 by Barclays Capital. The rating was initiated by Bank of America with “Buy” on Thursday, September 1. The rating was downgraded by TheStreet to “Buy” on Saturday, August 15. The stock of TransCanada Corporation (NYSE:TRP) has “Outperform” rating given on Friday, October 23 by BMO Capital Markets. Below is a list of TransCanada Corporation (NYSE:TRP) latest ratings and price target changes.

17/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $53 New Target: $54 Maintain
22/09/2017 Broker: Morgan Stanley Rating: Equal-Weight New Target: $53 Initiates Coverage On
31/07/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $72 New Target: $73 Maintain

The stock decreased 0.10% or $0.05 during the last trading session, reaching $49.47. About 704,793 shares traded. TransCanada Corporation (NYSE:TRP) has risen 15.03% since January 6, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $42.87 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 30.11 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.ca which released: “Buy TransCanada Corporation for the 4% Yield” on October 20, 2017, also Fool.ca with their article: “Can TransCanada Corporation Deliver on 10% Yearly Dividend Increases?” published on July 24, 2017, Fool.ca published: “Is TransCanada Corporation a Must-Buy Going into 2017?” on December 29, 2016. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “Is TransCanada Corporation a Buy Today?” published on November 26, 2017 as well as Fool.ca‘s news article titled: “TransCanada Corporation: Are We Getting Mixed Signals With This Stock?” with publication date: November 29, 2017.

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