Is Buying Stock Like TransCanada Corporation (TRP) After Such Increase Winning Strategy?

February 15, 2018 - By Winifred Garcia

The stock of TransCanada Corporation (NYSE:TRP) is a huge mover today! The stock increased 5.87% or $2.52 during the last trading session, reaching $45.44. About 1.69 million shares traded or 39.53% up from the average. TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 15, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.
The move comes after 6 months positive chart setup for the $39.43 billion company. It was reported on Feb, 15 by Barchart.com. We have $47.71 PT which if reached, will make NYSE:TRP worth $1.97B more.

TransCanada Corporation (NYSE:TRP) Ratings Coverage

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. TransCanada Corporation had 24 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, May 2 the stock rating was maintained by Barclays Capital with “Equal-Weight”. As per Tuesday, September 1, the company rating was downgraded by Zacks. Citigroup upgraded the stock to “Buy” rating in Thursday, March 31 report. Bank of America initiated TransCanada Corporation (NYSE:TRP) on Thursday, September 1 with “Buy” rating. The firm earned “Buy” rating on Saturday, August 15 by TheStreet. The rating was initiated by Credit Suisse with “Outperform” on Friday, April 8. The firm earned “Hold” rating on Thursday, August 6 by Zacks. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 23. The rating was upgraded by Goldman Sachs on Friday, September 11 to “Neutral”. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 4.

More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.ca which released: “Is TransCanada Corporation a Buy Today?” on November 26, 2017, also Fool.ca with their article: “Time to Buy TransCanada Corporation Following its Recent Sell-Off?” published on January 29, 2018, Fool.ca published: “Should Telus Corporation or TransCanada Corporation Be a TFSA Pick Today?” on February 09, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “Is TransCanada Corporation a Buy After Securing Significant Demand for …” published on January 22, 2018 as well as Fool.ca‘s news article titled: “Dividend Investors: Should You Buy TransCanada Corporation or BCE Inc.?” with publication date: November 15, 2017.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $39.43 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 27.79 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

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