Media stories about TransCanada (NYSE:TRP) (TSE:TRP) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransCanada earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.9220519104985 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- TRP and ENB: What Institutional Investors’ Activity Suggests (finance.yahoo.com)
- Will TransCanada Outperform Peers in 2018? – Market Realist (marketrealist.com)
- TransCanada (TRP) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- The World’s Most Expensive Oil (finance.yahoo.com)
Several research analysts have issued reports on TRP shares. Zacks Investment Research raised TransCanada from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday. Bank of America started coverage on TransCanada in a report on Tuesday. They issued a “buy” rating on the stock. TD Securities raised TransCanada to a “buy” rating in a report on Wednesday, November 29th. TheStreet cut TransCanada from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Finally, Morgan Stanley upped their price target on TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $58.75.
TransCanada (TRP) traded up $0.10 during midday trading on Friday, reaching $47.86. 1,140,000 shares of the company’s stock traded hands, compared to its average volume of 947,796. TransCanada has a 12-month low of $45.07 and a 12-month high of $51.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.51. The stock has a market cap of $42,030.00, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.491 per share. This represents a $1.96 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, December 28th. TransCanada’s payout ratio is 121.74%.
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.
Receive News & Ratings for TransCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada and related companies with MarketBeat.com's FREE daily email newsletter.