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.

Investment analysts gave a few price targets for TRP. The maximum price target given was 77, implying a possible profit of 49.56 percent. The most pessimistic analyst gave a price target of 60.71, implying a possible loss of 17.92 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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. If we look at the last 90 days instead, we find a net average change of 0.82 percent in FY estimates.

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, while 0 analysts made negative revisions. Over the same time period, 5 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of TRP's earnings is estimated by analysts to be 227.08 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, 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 a 52-week high of 51.81 and a 52-week low of 42.69. Today's price is 20.6 percent above the 52-week low, and 0.63 percent lower than its 52-week high. TRP has a P/E 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.