TransCanada (TRP) Getting Somewhat Favorable Media Coverage, Study Shows

News stories about TransCanada (NYSE:TRP) (TSE:TRP) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog 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 daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 47.0339203174115 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s analysis:

A number of brokerages recently issued reports on TRP. Morgan Stanley began coverage on shares of TransCanada in a research report on Friday, September 22nd. They set an “equal weight” rating and a $53.00 target price for the company. TD Securities upgraded shares of TransCanada to a “buy” rating in a research report on Wednesday, November 29th. TheStreet cut shares of TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. began coverage on shares of TransCanada in a research report on Thursday, October 5th. They set an “overweight” rating for the company. Finally, Zacks Investment Research cut shares of TransCanada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.25.

Shares of TransCanada (NYSE:TRP) traded up $0.16 during trading hours on Thursday, reaching $49.52. 1,133,583 shares of the company’s stock were exchanged, compared to its average volume of 851,000. TransCanada has a 12-month low of $45.07 and a 12-month 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 $43,520.00, a price-to-earnings ratio of 30.76, a P/E/G ratio of 1.98 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a dividend of $0.491 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, December 28th. TransCanada’s dividend payout ratio is currently 121.74%.

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About TransCanada

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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