TransCanada Co. (TSE:TRP) (NYSE:TRP) reached a new 52-week low during trading on Monday . The stock traded as low as C$54.26 and last traded at C$54.37, with a volume of 1268789 shares traded. The stock had previously closed at C$55.11.

Several equities research analysts recently commented on TRP shares. TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and lifted their target price for the stock from C$79.00 to C$81.00 in a research report on Friday, November 10th. CIBC lifted their target price on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. National Bank Financial lifted their target price on shares of TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 29th. JPMorgan Chase & Co. lifted their target price on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. Finally, Citigroup boosted their price target on shares of TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. TransCanada currently has an average rating of “Buy” and a consensus target price of C$72.67.

The stock has a market capitalization of $48,010.00, a PE ratio of 27.03 and a beta of 0.20.

TransCanada (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.70 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.70. The firm had revenue of C$3.24 billion for the quarter, compared to the consensus estimate of C$2.46 billion. TransCanada had a net margin of 21.47% and a return on equity of 11.98%.

In related news, Director Patrick M. Keys sold 600 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. Insiders have sold a total of 1,444 shares of company stock worth $92,047 in the last quarter.

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About TransCanada

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

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