FY2016 EPS Estimates for TransCanada Co. Boosted by Analyst (TRP)
TransCanada Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at National Bank Financial boosted their FY2016 EPS estimates for shares of TransCanada in a research report issued on Wednesday. National Bank Financial analyst P. Kenny now anticipates that the firm will earn $2.76 per share for the year, up from their prior forecast of $2.61. National Bank Financial also issued estimates for TransCanada’s FY2017 earnings at $2.87 EPS.
A number of other equities research analysts have also issued reports on the company. CSFB reaffirmed an “outperform” rating and set a C$70.00 target price on shares of TransCanada in a research report on Friday. Scotiabank reaffirmed an “outperform” rating and set a C$69.00 target price on shares of TransCanada in a research report on Thursday. TD Securities boosted their target price on TransCanada from C$67.00 to C$74.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$72.00 target price on shares of TransCanada in a research report on Thursday. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a C$68.00 target price on shares of TransCanada in a research report on Thursday, September 1st. Nine analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$63.77.
TransCanada (TSE:TRP) opened at 60.38 on Friday. The stock has a 50 day moving average price of $60.61 and a 200-day moving average price of $58.90. The stock’s market capitalization is $48.30 billion. TransCanada has a 12-month low of $40.58 and a 12-month high of $63.41.
In other TransCanada news, Director Christine R. Johnston sold 430 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$61.15, for a total value of C$26,294.50.
TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.
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