TransCanada (TRP) Earning Favorable Media Coverage, Report Finds

Press coverage about TransCanada (NYSE:TRP) (TSE:TRP) has been trending positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TransCanada earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 47.0759710528419 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Several analysts have recently commented on the company. Morgan Stanley raised 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. Zacks Investment Research cut TransCanada from a “buy” rating to a “hold” rating in a report on Friday, October 20th. TD Securities raised TransCanada to a “buy” rating in a report on Wednesday, November 29th. BidaskClub cut TransCanada from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, J P Morgan Chase & Co assumed coverage on TransCanada in a report on Thursday, October 5th. They issued an “overweight” rating for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.20.

TransCanada (TRP) traded up $0.36 on Thursday, hitting $49.14. The stock had a trading volume of 624,501 shares, compared to its average volume of 1,046,593. 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 firm has a market cap of $42,789.43, a PE ratio of 21.29, a P/E/G ratio of 2.32 and a beta of 0.66. TransCanada has a 1-year low of $44.48 and a 1-year high of $51.85.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.491 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.00%. TransCanada’s dividend payout ratio is currently 125.16%.

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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.

Insider Buying and Selling by Quarter for TransCanada (NYSE:TRP)

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