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

February 23, 2018 - By Adrian Erickson

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

TransCanada Corporation (NYSE:TRP) Ratings Coverage

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. TransCanada Corporation had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, February 9 by Morgan Stanley. Goldman Sachs upgraded the shares of TRP in report on Friday, September 11 to “Neutral” rating. The stock of TransCanada Corporation (NYSE:TRP) has “Buy” rating given on Thursday, September 1 by Bank of America. The rating was maintained by Scotia Capital with “Sector Perform” on Tuesday, August 4. The stock of TransCanada Corporation (NYSE:TRP) has “Outperform” rating given on Friday, October 23 by BMO Capital Markets. Wolfe Research maintained the shares of TRP in report on Monday, May 15 with “Outperform” rating. The company was maintained on Monday, July 31 by BMO Capital Markets. The stock of TransCanada Corporation (NYSE:TRP) earned “Outperform” rating by Credit Suisse on Friday, April 8. As per Thursday, March 31, the company rating was upgraded by Citigroup. The company was downgraded on Saturday, August 15 by TheStreet. Below is a list of TransCanada Corporation (NYSE:TRP) latest ratings and price target changes.

09/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $54 New Target: $51 Maintain
11/01/2018 Broker: Morgan Stanley Rating: Buy Upgrade
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

The stock increased 0.94% or $0.425 during the last trading session, reaching $45.665. About 353,767 shares traded. TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 23, 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 $40.33 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 16.72 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: “Time to Buy TransCanada Corporation Following its Recent Sell-Off?” on January 29, 2018, also Fool.ca with their article: “TransCanada Corporation: The Dividend Is on the Rise, Making This a Buy” published on February 20, 2018, Fool.ca published: “Like Dividend Raises? Buy TransCanada Corporation” on June 15, 2017. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “Buy TransCanada Corporation for the 4% Yield” published on October 20, 2017 as well as Fool.ca‘s news article titled: “Is TransCanada Corporation a Buy Today?” with publication date: November 26, 2017.

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