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 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. 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 5.75 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.19 percent. Meanwhile, fiscal year estimates have been revised upwards by 3.74 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.82 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 4 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's 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. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of TRP is 0.34.

In the last 52-weeks, TRP has achieved a high of 51.81 and a low of 42.69. Currently the stock is 20.6 percent higher than its 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's next earnings release will be on 0000-00-00, which is days away.