How Analysts Feel About TransCanada Corporation After Today’s Huge Increase?

 How Analysts Feel About TransCanada Corporation After Today's Huge Increase?

The stock of TransCanada Corporation (TSE:TRP) is a huge mover today! About 490,743 shares traded hands. TransCanada Corporation (TSE:TRP) has risen 12.71% since March 31, 2016 and is uptrending. It has outperformed by 11.62% the S&P500.
The move comes after 8 months positive chart setup for the $44.28B company. It was reported on Nov, 4 by Barchart.com. We have $93.91 PT which if reached, will make TSE:TRP worth $27.45B 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 9.14% above today’s ($57.97) stock price. TransCanada Corp has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of TRP in a report on Friday, June 10 with “Outperform” rating. TD Securities maintained TransCanada Corporation (TSE:TRP) on Tuesday, October 11 with “Buy” rating. The stock of TransCanada Corporation (TSE:TRP) has “Overweight” rating given on Tuesday, December 15 by JP Morgan. Bank of America maintained TransCanada Corporation (TSE:TRP) rating on Thursday, September 1. Bank of America has “Buy” rating and $68 price target. The stock of TransCanada Corporation (TSE:TRP) has “Sector Perform” rating given on Thursday, November 19 by National Bank Canada. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 23. The firm has “Sector Outperformer” rating by IBC given on Monday, December 7. The stock of TransCanada Corporation (TSE:TRP) earned “Outperform” rating by TransCanada Corporation on Friday, October 14.

More news for TransCanada Corporation (TSE:TRP) were recently published by: Fool.ca, which released: “TransCanada Corporation vs Fortis Inc.: Which Is a Better Dividend Stock?” on October 17, 2016. Streetinsider.com‘s article titled: “Form 6-K TRANSCANADA CORP For: Oct 31” and published on October 31, 2016 is yet another important article.

TransCanada Corporation is an energy infrastructure company. The company has a market cap of $44.28 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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