What’s in TransCanada Corporation After Today’s Huge Increase?


 What's in TransCanada Corporation After Today's Huge Increase?

The stock of TransCanada Corporation (TSE:TRP) is a huge mover today! About 465,376 shares traded hands. TransCanada Corporation (TSE:TRP) has risen 28.47% since March 11, 2016 and is uptrending. It has outperformed by 22.99% the S&P500.
The move comes after 7 months positive chart setup for the $50.08B company. It was reported on Oct, 18 by Barchart.com. We have $92.29 PT which if reached, will make TSE:TRP worth $24.54B more.

TransCanada Corporation (TSE:TRP) Ratings Coverage

Out of 8 analysts covering TransCanada Corp (TSE:TRP), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $72 is the highest target while $47 is the lowest. The $63.27 average target is 2.15% above today’s ($61.94) stock price. TransCanada Corp has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of TransCanada Corporation (TSE:TRP) earned “Buy” rating by Bank of America on Thursday, September 1. The rating was maintained by TD Securities on Tuesday, October 11 with “Buy”. On Friday, October 23 the stock rating was initiated by BMO Capital Markets with “Outperform”. The stock of TransCanada Corporation (TSE:TRP) earned “Sector Outperformer” rating by IBC on Monday, December 7. The stock of TransCanada Corporation (TSE:TRP) has “Overweight” rating given on Tuesday, December 15 by JP Morgan. The firm earned “Sector Perform” rating on Thursday, November 19 by National Bank Canada. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, June 10 report. The rating was maintained by TransCanada Corporation with “Outperform” on Friday, October 14.

More notable recent TransCanada Corporation (TSE:TRP) news were published by: Fool.ca which released: “TransCanada Corporation vs Fortis Inc.: Which Is a Better Dividend Stock?” on October 17, 2016, also Fool.com with their article: “TransCanada Corporation Chooses Growth Over Discipline in Q2 Earnings” published on August 03, 2016, Fool.com published: “Why is TransCanada Corporation Building Another Pipeline in Mexico?” on August 15, 2016. More interesting news about TransCanada Corporation (TSE:TRP) were released by: Seekingalpha.com and their article: “More U.S. Assets For TransCanada” published on October 12, 2016 as well as Fool.ca‘s news article titled: “RRSP Investors: Should You Buy TransCanada Corporation or Bank of Montreal?” with publication date: September 29, 2016.

TransCanada Corporation is an energy infrastructure company. The company has a market cap of $50.08 billion. The Firm operates through three divisions: Natural Gas Pipelines, Liquids Pipelines and Energy. It currently has negative earnings. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.

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