TransCanada (TSE:TRP) (NYSE:TRP) had its price target trimmed by National Bank Financial from C$69.00 to C$65.00 in a report released on Monday. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued reports about the stock. CIBC upped their price objective on shares of TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. Citigroup upped their price objective on shares of TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. JPMorgan Chase & Co. increased their price target on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. Finally, TD Securities raised shares of TransCanada from a buy rating to an action list buy rating and increased their price target for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. TransCanada presently has an average rating of Buy and a consensus target price of C$73.11.

Shares of TransCanada (TSE TRP) opened at C$55.52 on Monday. TransCanada has a one year low of C$55.47 and a one year high of C$65.18. The firm has a market cap of $48,930.00, a PE ratio of 27.49 and a beta of 0.28.

TransCanada (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.70 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.70. TransCanada had a net margin of 21.47% and a return on equity of 11.98%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Thursday, December 28th. TransCanada’s payout ratio is 120.79%.

In other TransCanada news, Director Patrick M. Keys sold 600 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. Over the last three months, insiders have sold 1,444 shares of company stock valued at $92,047.

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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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