Raymond James Lowers TransCanada to Outperform (TRP)
TRP has been the subject of a number of other recent research reports. Analysts at Desjardins downgraded shares of TransCanada from a “buy” rating to a “hold” rating in a research note to investors on Monday, April 30th. Separately, analysts at CIBC downgraded shares of TransCanada from an “outperform” rating to an “outperform” rating in a research note to investors on Monday, April 30th. Finally, analysts at TD Newcrest downgraded shares of TransCanada to a “hold” rating in a research note to investors on Tuesday, February 28th. They noted that the move was a valuation call.
TransCanada traded down 0.71% on Monday, hitting $43.12. TransCanada has a 52-week low of $37.29 and a 52-week high of $45.09. The company has a market cap of $30.356 billion and a price-to-earnings ratio of 20.78.
TransCanada last released its earnings data on Friday, April 27th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.03. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that TransCanada will post $0.61 EPS next quarter.
TransCanada Corporation (TransCanada) is an energy infrastructure company focused on pipelines and energy.