TD Securities Lowers TransCanada (TRP) Price Target to C$77.00

TransCanada (TSE:TRP) (NYSE:TRP) had its price target trimmed by TD Securities from C$81.00 to C$77.00 in a research note issued to investors on Friday. The brokerage currently has an action list buy rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets cut their target price on TransCanada from C$73.00 to C$69.00 in a research report on Tuesday, February 6th. Citigroup upped their target price on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. CIBC upped their target price on TransCanada from C$76.00 to C$77.00 in a research report on Friday. JPMorgan Chase & Co. upped their target price on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. Finally, National Bank Financial upped their target price on TransCanada from C$68.00 to C$69.00 and gave the company a sector perform rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TransCanada has an average rating of Buy and an average price target of C$72.33.

TransCanada (TSE:TRP) opened at C$57.61 on Friday. TransCanada has a 52-week low of C$52.05 and a 52-week high of C$65.18. The stock has a market capitalization of $50,780.00, a P/E ratio of 22.86 and a beta of 0.20.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.79%. This is an increase from TransCanada’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, March 28th. TransCanada’s payout ratio is 96.83%.

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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.

Analyst Recommendations for TransCanada (TSE:TRP)

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