Analyst Ratings for TransCanada Corp. (TRP)

Updated: 2017-07-26

TransCanada Corp. (NYSE:TRP) was awarded an average rating of Buy from investment analysts following the stock. About 30 days ago, TRP was issued an average rating of Buy.

A buy rating was issued by 12 analysts, 0 gave an overweight rating, 3 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for TRP. The most optimistic analyst gave a price target of 77, implying potential capital gains of 49.56 percent. The most pessimistic price target was 60.71, which equates to a potential downside of 17.92 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 5.75 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.19 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 3.74 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.82 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 4 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

TRP has an estimated earnings growth rate of 227.08 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. TRP has a PEG ratio of 0.34.

TRP has traded between a high of 51.81 and a low of 42.69 over the past year. Currently the stock is 20.6 percent higher than its low, and 0.63 percent lower than its 52-week high. TRP has a price/earnings ratio of 78.14. Investors typically compare the P/E ratio to a company's peers in the industry. The TRP value stock report compares TRP to some of its peers using value stock charts. The market cap of TRP is $55.61 billion. TRP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.