Is there a Bearish outlook for TransCanada Corporation (NYSE:TRP) this week?

June 14, 2018 - By Kurt Siggers

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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 has “Buy” rating given on Thursday, January 11 by Morgan Stanley. The rating was downgraded by Wells Fargo on Thursday, March 22 to “Market Perform”. On Friday, March 16 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Buy” rating by Citigroup given on Wednesday, March 28. The stock of TransCanada Corporation (NYSE:TRP) has “Overweight” rating given on Friday, February 9 by Morgan Stanley. Morgan Stanley maintained the shares of TRP in report on Friday, March 23 with “Overweight” rating. 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: Seekingalpha.com which released: “TransCanada working on Leach Xpress pipeline after West Virginia blast” on June 13, 2018, also Fool.ca with their article: “RRSP Investors: 2 Canadian Stocks to Hold for Decades” published on June 12, 2018, Seekingalpha.com published: “Court hears challenge to Keystone XL pipeline permit” on May 24, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Globenewswire.com and their article: “TransCanada Appoints New Independent Director” published on June 13, 2018 as well as Fool.com‘s news article titled: “3 Energy Mergers That Need to Happen” with publication date: June 12, 2018.

TransCanada Corporation (NYSE:TRP) Ratings Chart

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