A number of stock research firms have changed their ratings and price targets for TransCanada (NYSE: TRP) during the last seven days:

  • TransCanada had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $51.00 price target on the stock.
  • TransCanada had its price target raised by analysts at CIBC from $46.50 to $46.00.
  • TransCanada had its price target raised by analysts at Canaccord Genuity from $46.00 to $47.00. They now have a “hold” rating on the stock.
  • TransCanada had its price target raised by analysts at BMO Capital Markets from $50.00 to $52.00. They now have an “outperform” rating on the stock. They wrote, “Our 2012 EPS drops to C$1.97 for 3Q, a delayed mainline ruling, and ongoing pressure on US pipes. Our 2013 ebbs C$0.03 as the expected lift from the mainline decision is offset by lower US pipe earnings while our 2014 rises to C$2.65. We’re raising our target 4% to C$52 reflecting $2.5B in new projects in 2017: the Grand Rapids oil sands pipe and Napanee generation. Not included is a free option on the potential eastern oil mainline conversion, which carries $3/sh of option value.”
  • TransCanada had its price target raised by analysts at TD Securities from $46.00 to $47.00. They now have a “hold” rating on the stock.

Shares of TransCanada Co. traded up 0.40% during mid-day trading on Thursday, hitting $45.41. TransCanada Co. has a 52 week low of $38.62 and a 52 week high of $47.02. The company has a market cap of $31.969 billion and a P/E ratio of 22.52.

TransCanada Corporation (TransCanada) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.