Positive Press Coverage Somewhat Unlikely to Affect TransCanada (TRP) Share Price
News headlines about TransCanada (NYSE:TRP) (TSE:TRP) have trended positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TransCanada earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.9971671277023 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- TheStreet Upgrades TransCanada (TRP) to “B” (americanbankingnews.com)
- TransCanada Co. (TRP) Raises Dividend to $0.55 Per Share (americanbankingnews.com)
- TransCanada Corporation (TRP) Q4 2017 Earnings Conference Call Transcript (finance.yahoo.com)
- TransCanada (TRP) Rating Increased to Buy at Edward Jones (americanbankingnews.com)
- TransCanada Corporation Returns to Growth Mode in Q4 (fool.com)
TransCanada (TRP) traded up $0.64 during mid-day trading on Friday, reaching $45.75. The company had a trading volume of 2,094,852 shares, compared to its average volume of 1,560,000. TransCanada has a one year low of $41.24 and a one year high of $51.85. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68. The company has a market cap of $40,440.00, a price-to-earnings ratio of 22.88, a PEG ratio of 2.04 and a beta of 0.60.
A number of research analysts recently weighed in on the company. TD Securities raised TransCanada to a “buy” rating in a research report on Wednesday, November 29th. Zacks Investment Research raised TransCanada from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, February 2nd. TheStreet raised TransCanada from a “c+” rating to a “b” rating in a research report on Thursday. Edward Jones raised TransCanada from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley reduced their price objective on TransCanada from $54.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $57.25.
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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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