Could TransCanada Corporation (TRP) Change Direction After Today’s Significant Increase?

February 15, 2018 - By Kurt Siggers

The stock of TransCanada Corporation (NYSE:TRP) is a huge mover today! The stock increased 5.87% or $2.52 during the last trading session, reaching $45.44. About 1.69M shares traded or 39.53% up from the average. TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 15, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.
The move comes after 6 months positive chart setup for the $39.43 billion company. It was reported on Feb, 15 by Barchart.com. We have $47.71 PT which if reached, will make NYSE:TRP worth $1.97B more.

TransCanada Corporation (NYSE:TRP) Ratings Coverage

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. TransCanada Corporation had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, July 31 by BMO Capital Markets. The stock of TransCanada Corporation (NYSE:TRP) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 17. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 23. Barclays Capital maintained it with “Equal-Weight” rating and $43 target in Monday, May 2 report. The stock of TransCanada Corporation (NYSE:TRP) earned “Buy” rating by Bank of America on Thursday, September 1. Citigroup upgraded TransCanada Corporation (NYSE:TRP) on Thursday, March 31 to “Buy” rating. On Wednesday, December 2 the stock rating was upgraded by Macquarie Research to “Outperform”. Morgan Stanley upgraded the shares of TRP in report on Thursday, January 11 to “Buy” rating. TheStreet downgraded the stock to “Buy” rating in Saturday, August 15 report. The stock of TransCanada Corporation (NYSE:TRP) earned “Hold” rating by Zacks on Thursday, August 6.

More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.ca which released: “Time to Buy TransCanada Corporation Following its Recent Sell-Off?” on January 29, 2018, also Fool.ca with their article: “TransCanada Corporation: Are We Getting Mixed Signals With This Stock?” published on November 29, 2017, Fool.ca published: “Should Telus Corporation or TransCanada Corporation Be a TFSA Pick Today?” on February 09, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Fool.ca and their article: “Can TransCanada Corporation Deliver on 10% Yearly Dividend Increases?” published on July 24, 2017 as well as Fool.ca‘s news article titled: “Is TransCanada Corporation a Buy Today?” with publication date: November 26, 2017.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $39.43 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 27.79 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

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