Other research analysts also recently issued research reports about the company. TD Securities raised TransCanada to a buy rating in a research note on Wednesday, November 29th. Zacks Investment Research raised TransCanada from a hold rating to a buy rating and set a $52.00 price target for the company in a research note on Friday, February 2nd. Morgan Stanley cut their price target on TransCanada from $54.00 to $51.00 and set an overweight rating for the company in a research note on Friday, February 9th. Bank of America began coverage on TransCanada in a research note on Tuesday, January 9th. They set a buy rating for the company. Finally, TheStreet cut TransCanada from a b rating to a c+ rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $57.25.
TransCanada (NYSE:TRP) opened at $45.75 on Friday. The stock has a market capitalization of $40,440.00, a price-to-earnings ratio of 22.88, a PEG ratio of 1.91 and a beta of 0.60. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.44 and a current ratio of 0.47. TransCanada has a one year low of $41.24 and a one year high of $51.85.
A number of institutional investors have recently bought and sold shares of TRP. Mackenzie Financial Corp increased its position in TransCanada by 532.9% during the 4th quarter. Mackenzie Financial Corp now owns 15,857,811 shares of the pipeline company’s stock worth $771,324,000 after purchasing an additional 13,352,302 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in TransCanada during the 4th quarter worth about $96,792,000. CIBC Asset Management Inc grew its holdings in TransCanada by 28.2% in the 4th quarter. CIBC Asset Management Inc now owns 5,890,762 shares of the pipeline company’s stock valued at $287,913,000 after buying an additional 1,294,048 shares during the period. Duff & Phelps Investment Management Co. grew its holdings in TransCanada by 45.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,495,233 shares of the pipeline company’s stock valued at $123,246,000 after buying an additional 781,095 shares during the period. Finally, Forsta AP Fonden purchased a new stake in TransCanada in the 4th quarter valued at about $37,762,000. Hedge funds and other institutional investors own 58.21% of the company’s stock.
WARNING: This report was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2018/02/20/transcanada-trp-stock-rating-upgraded-by-edward-jones.html.
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
Receive News & Ratings for TransCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada and related companies with MarketBeat.com's FREE daily email newsletter.