Somewhat Favorable Media Coverage Somewhat Unlikely to Affect TransCanada (TRP) Share Price
News headlines about TransCanada (NYSE:TRP) (TSE:TRP) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransCanada earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 47.379121998637 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- UPDATE 1-TransCanada says EBITDA to grow at 10 percent through 2020 (ca.investing.com)
- TransCanada to Highlight Sustainable Long-term Growth at Investor Day; Reaffirms Dividend Growth Expectations to 2020 and Provides Outlook for 2021 (finance.yahoo.com)
- TransCanada Corporation: Are We Getting Mixed Signals With This Stock? (msn.com)
- TransCanada Engages Nebraska Landowners On New Keystone XL Route (finance.yahoo.com)
- Keystone restarts, TransCanada sets no date for return to full capacity – BNN (bnn.ca)
TransCanada (TRP) traded down $0.10 during trading on Wednesday, hitting $49.64. 782,400 shares of the stock were exchanged, compared to its average volume of 1,045,698. The stock has a market cap of $42,270.00, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.66. TransCanada has a twelve month low of $43.71 and a twelve month high of $51.85. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.68.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.491 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, December 28th. TransCanada’s dividend payout ratio (DPR) is 122.78%.
Several equities analysts have weighed in on the stock. TD Securities upgraded shares of TransCanada to a “buy” rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. TheStreet lowered shares of TransCanada from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of TransCanada from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, J P Morgan Chase & Co began coverage on shares of TransCanada in a research note on Thursday, October 5th. They issued an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.00.
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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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