TransCanada Co. (TSE:TRP) (NYSE:TRP) Director David B. Moneta sold 900 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of C$56.13, for a total transaction of C$50,517.00.
TransCanada Co. (TRP) opened at C$52.88 on Friday. TransCanada Co. has a 1 year low of C$52.05 and a 1 year high of C$65.18. The company has a market cap of $49,260.00, a PE ratio of 20.98 and a beta of 0.22.
TransCanada (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, February 15th. The company reported C$0.82 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.11. TransCanada had a net margin of 4.06% and a return on equity of 1.10%. The firm had revenue of C$3.62 billion during the quarter, compared to analysts’ expectations of C$2.50 billion.
A number of brokerages have recently issued reports on TRP. National Bank Financial upped their target price on shares of TransCanada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 29th. Citigroup increased their price objective on shares of TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. JPMorgan Chase & Co. increased their price objective on shares of TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. CIBC increased their price objective on shares of TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. Finally, TD Securities dropped their price objective on shares of TransCanada from C$81.00 to C$77.00 and set an “action list buy” rating on the stock in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$71.22.
TransCanada Company Profile
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.
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