TransCanada Corp. (NYSE:TRP) shares were up 1.5% during trading on Thursday . The stock traded as high as $46.39 and last traded at $46.15, with a volume of 860,795 shares. The stock had previously closed at $45.45.

Several research analysts have commented on TRP shares. BMO Capital Markets restated a “buy” rating and issued a $65.00 target price on shares of TransCanada Corp. in a research note on Friday, July 29th. Scotiabank reaffirmed an “outperform” rating and issued a $68.00 price target (up previously from $66.00) on shares of TransCanada Corp. in a report on Sunday, July 31st. TD Securities reaffirmed a “buy” rating and issued a $67.00 price target (up previously from $63.00) on shares of TransCanada Corp. in a report on Sunday, July 31st. Goldman Sachs Group Inc. assumed coverage on TransCanada Corp. in a report on Wednesday, July 20th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $70.00 price target on shares of TransCanada Corp. in a report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $58.65.

The company has a 50-day moving average price of $46.65 and a 200 day moving average price of $41.93. The company’s market cap is $36.94 billion.

TransCanada Corp. (NYSE:TRP) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that TransCanada Corp. will post $1.97 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in TransCanada Corp. stock. US Bancorp DE increased its stake in shares of TransCanada Corp. (NYSE:TRP) by 79.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528,851 shares of the company’s stock after buying an additional 234,489 shares during the period. US Bancorp DE owned about 0.07% of TransCanada Corp. worth $17,235,000 as of its most recent SEC filing.

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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