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.

Many analysts weighed in on price targets for TRP. The most optimistic price target was 77, implying potential capital gains of 49.56 percent. The most pessimistic analyst gave a price target of 60.71, implying a possible loss 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. That number becomes -2.19 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.74 percent, as compared to a month ago. 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, which can be compared to the 0 analysts that decreased their estimates. 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.

Analysts estimate earnings of TRP to grow at a rate of 227.08 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, 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.

TRP has traded between a high of 51.81 and a low of 42.69 over the past year. The current market price is above the trailing year's low by 20.6 percent, 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's next earnings release will be on 0000-00-00, which is days away.