Could TransCanada Corporation (TRP) Lose Strenght? The Stock Increases A Lot Today

February 15, 2018 - By Adrian Erickson

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 1.69M 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. The stock of TransCanada Corporation (NYSE:TRP) earned “Overweight” rating by JP Morgan on Tuesday, December 15. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, October 23 report. The rating was downgraded by TheStreet on Saturday, August 15 to “Buy”. The rating was maintained by Scotia Capital with “Sector Perform” on Tuesday, August 4. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, May 2. RBC Capital Markets maintained TransCanada Corporation (NYSE:TRP) on Wednesday, November 4 with “Outperform” rating. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 11. The stock has “Sector Outperform” rating by IBC on Monday, December 7. Wolfe Research maintained TransCanada Corporation (NYSE:TRP) on Monday, May 15 with “Outperform” rating. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 9 report.

More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.ca which released: “Dividend Investors: Should You Buy TransCanada Corporation or BCE Inc.?” on November 15, 2017, also Fool.ca with their article: “Is TransCanada Corporation a Buy After Securing Significant Demand for …” published on January 22, 2018, Fool.ca published: “Enbridge Inc. vs. TransCanada Corporation: Which Is the Better Buy?” on February 13, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “Should Telus Corporation or TransCanada Corporation Be a TFSA Pick Today?” published on February 09, 2018 as well as Fool.ca‘s news article titled: “Buy TransCanada Corporation for the 4% Yield” with publication date: October 20, 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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