How Many TransCanada Corporation (NYSE:TRP)’s Analysts Are Bearish?

June 14, 2018 - By Mona Holcomb

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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 rating was upgraded by Morgan Stanley to “Buy” on Thursday, January 11. The rating was maintained by Citigroup on Wednesday, March 28 with “Buy”. As per Friday, March 23, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained the stock with “Overweight” rating in Friday, March 16 report. Morgan Stanley maintained it with “Overweight” rating and $51 target in Friday, February 9 report. The firm has “Market Perform” rating by Wells Fargo given on Thursday, March 22. 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 increased 0.36% or $0.15 during the last trading session, reaching $41.65. About 705,226 shares traded. TransCanada Corporation (NYSE:TRP) has declined 12.02% since June 14, 2017 and is downtrending. It has underperformed by 24.59% the S&P500.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $37.34 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 15.16 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Globenewswire.com which released: “TransCanada Appoints New Independent Director” on June 13, 2018, also Seekingalpha.com with their article: “TransCanada working on Leach Xpress pipeline after West Virginia blast” published on June 13, 2018, Fool.com published: “3 Energy Mergers That Need to Happen” on June 12, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Seekingalpha.com and their article: “Court hears challenge to Keystone XL pipeline permit” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Gas Pipeline Growth For TransCanada” with publication date: June 05, 2018.

TransCanada Corporation (NYSE:TRP) Ratings Chart

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