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

December 7, 2017 - By Marie Mckinney

 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 stock has “Neutral” rating by Goldman Sachs on Friday, September 11. Macquarie Research upgraded the stock to “Outperform” rating in Wednesday, December 2 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, July 20. The stock of TransCanada Corporation (NYSE:TRP) has “Buy” rating given on Thursday, September 1 by Bank of America. The rating was downgraded by TheStreet to “Buy” on Saturday, August 15. The stock of TransCanada Corporation (NYSE:TRP) earned “Outperform” rating by BMO Capital Markets on Monday, July 31. On Friday, October 23 the stock rating was initiated by BMO Capital Markets with “Outperform”. Zacks downgraded the stock to “Hold” rating in Tuesday, September 1 report. Scotia Capital maintained TransCanada Corporation (NYSE:TRP) on Tuesday, August 4 with “Sector Perform” rating. Citigroup upgraded TransCanada Corporation (NYSE:TRP) rating on Thursday, March 31. Citigroup has “Buy” rating and $55 target. 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 increased 0.72% or $0.35 during the last trading session, reaching $49.13. About 542,208 shares traded. TransCanada Corporation (NYSE:TRP) has risen 15.03% since December 7, 2016 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 $43.41 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 30.42 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: Benzinga.com which released: “Despite TransCanada’s Recent Pipeline Leak, Nebraska OK’s Keystone XL Expansion” on November 20, 2017, also Fool.ca with their article: “Dividend Investors: Should You Buy TransCanada Corporation or BCE Inc.?” published on November 15, 2017, Reuters.com published: “TransCanada hikes some tariffs on Keystone pipeline: FERC” on December 01, 2017. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “Why TransCanada Corporation’s Stock Might Take Off Despite a Mediocre Q3” published on November 13, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.