The stock of TransCanada Corporation (TSE:TRP) is a huge mover today! About 6.04M shares traded hands or 449.09% up from the average. TransCanada Corporation (TSE:TRP) has risen 22.26% since March 29, 2016 and is uptrending. It has outperformed by 19.73% the S&P500.
The move comes after 5 months negative chart setup for the $46.19 billion company. It was reported on Nov, 2 by Barchart.com. We have $53.19 PT which if reached, will make TSE:TRP worth $3.70 billion less.
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. TransCanada Corp has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. JP Morgan initiated the stock with “Overweight” rating in Tuesday, December 15 report. The firm earned “Outperform” rating on Friday, October 23 by BMO Capital Markets. The firm earned “Buy” rating on Thursday, September 1 by Bank of America. The company was upgraded on Monday, December 7 by IBC. As per Tuesday, October 11, the company rating was maintained by TD Securities. National Bank Canada maintained the shares of TRP in a report on Thursday, November 19 with “Sector Perform” rating. TransCanada Corporation maintained the shares of TRP in a report on Friday, October 14 with “Outperform” rating. As per Friday, June 10, the company rating was maintained by RBC Capital Markets.
More notable recent TransCanada Corporation (TSE:TRP) news were published by: Fool.ca which released: “Why TransCanada Corporation Is a Rare Name You Can Hold for 10 Years” on November 02, 2016, also Streetinsider.com with their article: “Form 6-K TRANSCANADA CORP For: Oct 31” published on October 31, 2016, Fool.ca published: “TransCanada Corporation vs Fortis Inc.: Which Is a Better Dividend Stock?” on October 17, 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 Stockhouse.com‘s news article titled: “IIROC Trade Halt – TransCanada Corporation” with publication date: November 01, 2016.
TransCanada Corporation is an energy infrastructure company. The company has a market cap of $46.19 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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