TRP has been the subject of a number of other research reports. BMO Capital Markets reduced their target price on TransCanada from C$73.00 to C$69.00 in a report on Tuesday, February 6th. National Bank Financial raised their target price on TransCanada from C$68.00 to C$69.00 and gave the company a sector perform rating in a report on Wednesday, November 29th. Citigroup raised their target price on TransCanada from C$68.00 to C$71.00 in a report on Friday, December 8th. JPMorgan Chase & Co. raised their target price on TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. Finally, TD Securities raised TransCanada from a buy rating to an action list buy rating and raised their target price for the company from C$79.00 to C$81.00 in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. TransCanada currently has an average rating of Buy and an average target price of C$72.33.
Shares of TransCanada (TSE TRP) opened at C$57.61 on Friday. TransCanada has a fifty-two week low of C$52.05 and a fifty-two week high of C$65.18. The company has a market capitalization of $50,780.00, a price-to-earnings ratio of 22.86 and a beta of 0.20.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be given a $0.69 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.79%. This is a boost from TransCanada’s previous quarterly dividend of $0.63. TransCanada’s dividend payout ratio (DPR) is currently 96.83%.
TransCanada Company Profile
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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