It’s been a crucial week for TransCanada Corporation (NYSE:TRP); here’s what analysts have to say.

May 27, 2018 - By Adrian Erickson

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TransCanada Corporation (NYSE:TRP) Ratings Coverage

Among 4 analysts covering TransCanada (NYSE:TRP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. TransCanada had 7 analyst reports since January 11, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, March 16 by Morgan Stanley. Wells Fargo downgraded TransCanada Corporation (NYSE:TRP) on Thursday, March 22 to “Market Perform” rating. The stock has “Buy” rating by Morgan Stanley on Thursday, January 11. The firm has “Buy” rating by Citigroup given on Wednesday, March 28. The firm has “Overweight” rating given on Friday, March 23 by Morgan Stanley. On Friday, February 9 the stock rating was maintained by Morgan Stanley with “Overweight”. Below is a list of TransCanada Corporation (NYSE:TRP) latest ratings and price target changes.

30/04/2018 Broker: RBC Capital Markets Rating: Buy
28/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $71 New Target: $68 Maintain
23/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $50 New Target: $46 Maintain
22/03/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
16/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $51 New Target: $50 Maintain
09/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $54 New Target: $51 Maintain
11/01/2018 Broker: Morgan Stanley Rating: Buy Upgrade

The stock decreased 0.55% or $0.23 during the last trading session, reaching $41.63. About 2.82 million shares traded or 83.88% up from the average. TransCanada Corporation (NYSE:TRP) has declined 12.65% since May 27, 2017 and is downtrending. It has underperformed by 24.20% the S&P500.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $37.05 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 15.15 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

More important recent TransCanada Corporation (NYSE:TRP) news were published by: Seekingalpha.com which released: “TransCanada’s C$1.4B North Montney Mainline project approved by NEB” on May 24, 2018, also Seekingalpha.com published article titled: “Reuters: US lifts Keystone pipeline pressure restrictions”, Seekingalpha.com published: “Show Me The Money” on May 10, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) was released by: Seekingalpha.com and their article: “Court hears challenge to Keystone XL pipeline permit” with publication date: May 24, 2018.

TransCanada Corporation (NYSE:TRP) Ratings Chart

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