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 potential capital gains of 49.56 percent. The most pessimistic analyst gave a price target of 60.71, implying potential capital losses of 17.92 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 5.75 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 4 analysts have revised their quarterly estimates upwards in the past 30 days, 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 decreased their 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, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of TRP is 0.34.

In the trailing 52-weeks, TRP hit 51.81 at the highest peak, while it's lowest trading point was 42.69. Today's price is 20.6 percent above the 52-week low, and below the high by 0.63 percent. 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.