Investment analysts at Bank of America began coverage on shares of TransCanada (NYSE:TRP) (TSE:TRP) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the pipeline company’s stock.
TRP has been the subject of a number of other reports. Zacks Investment Research raised shares of TransCanada from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 11th. JPMorgan Chase & Co. started coverage on shares of TransCanada in a research note on Thursday, October 5th. They issued an “overweight” rating for the company. Morgan Stanley boosted their target price on shares of TransCanada from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. TheStreet downgraded shares of TransCanada from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Finally, TD Securities raised shares of TransCanada to a “buy” rating in a research note on Wednesday, November 29th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $59.25.
TransCanada (NYSE TRP) opened at $47.47 on Tuesday. TransCanada has a 12 month low of $45.07 and a 12 month high of $51.85. The firm has a market cap of $41,690.00, a PE ratio of 29.30, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.51 and a quick ratio of 0.48.
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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