TransCanada Corporation (TRP) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
TransCanada Corporation (TRP) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $58 and the lowest price target forecast is $44. The average forecast of all the analysts is $49.64 and the expected standard deviation is $7.43.
TransCanada Corporation has dropped 0.69% in the last five trading days, however, the shares have posted positive gains of 3.9% in the last 4 weeks. TransCanada Corporation is up 17.49% in the last 3-month period. Year-to-Date the stock performance stands at 48.66%. TransCanada Corporation (NYSE:TRP): On Tuesdays trading session , Opening price of the stock was $47.66 with an intraday high of $47.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.37. However, the stock managed to close at $47.43, a loss of 0.46% for the day. On the previous day, the stock had closed at $47.65. The total traded volume of the day was 683,619 shares.
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.