Is there a Bearish outlook for TransCanada Corporation (TSE:TRP) this week?

March 14, 2018 - By Michael Collier

 Is there a Bearish outlook for TransCanada Corporation (TSE:TRP) this week?

TransCanada Corporation (TSE:TRP) Ratings Coverage

Among 8 analysts covering TransCanada Corp (TSE:TRP), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TransCanada Corp had 43 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained TransCanada Corporation (TSE:TRP) on Monday, December 5 with “Outperform” rating. The rating was maintained by IBC with “Ourperform” on Monday, May 8. The firm earned “Outperform” rating on Friday, February 17 by Scotia Capital. TransCanada Corporation maintained the stock with “Outperform” rating in Friday, October 14 report. National Bank Canada maintained the shares of TRP in report on Thursday, November 19 with “Sector Perform” rating. Credit Suisse maintained it with “Outperform” rating and $70 target in Friday, November 18 report. On Friday, November 10 the stock rating was upgraded by TD Securities to “Action List Buy”. BMO Capital Markets initiated the shares of TRP in report on Friday, October 23 with “Outperform” rating. The rating was maintained by Scotia Capital on Wednesday, January 25 with “Outperform”. TD Securities maintained TransCanada Corporation (TSE:TRP) on Tuesday, October 11 with “Buy” rating. Below is a list of TransCanada Corporation (TSE:TRP) latest ratings and price target changes.

08/12/2017 Broker: Citigroup Rating: Old Target: $68.00 New Target: $71.00 Target Up
05/12/2017 Broker: JP Morgan Rating: Old Target: $74.00 New Target: $76.00 Target Up
10/11/2017 Broker: TD Securities Old Rating: Buy New Rating: Action List Buy Old Target: $79.00 New Target: $81.00 Upgrade

The stock decreased 0.35% or $0.2 during the last trading session, reaching $57.14. About 1.22M shares traded. TransCanada Corporation (TSE:TRP) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $50.57 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 16.66 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

More notable recent TransCanada Corporation (TSE:TRP) news were published by: which released: “Earn a Near 5% Yield With TransCanada Corporation” on March 13, 2018, also with their article: “TransCanada Files 2017 Annual Disclosure Documents” published on February 15, 2018, published: “TransCanada Corporation Returns to Growth Mode in Q4” on February 16, 2018. More interesting news about TransCanada Corporation (TSE:TRP) were released by: and their article: “Should You Buy TransCanada And Its 10.4% Dividend Increase?” published on February 22, 2018 as well as‘s news article titled: “Is TransCanada Corporation a Buy?” with publication date: March 05, 2018.

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