Stock in Motion: TransCanada Corporation (NYSE:TRP)

TransCanada Corporation (NYSE:TRP) shares opened the most recent trading session at 44.69 and at the time of writing the last Bid was at 44.59. In the current trading session the stock reached as high as 44.72 and dipped down to 44.08. TransCanada Corporation Common , a NYQ listed company, has a current market cap of 31.61B and on average over the past 3 months has seen 1004490 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 44.97. Based on a recent trade, this puts the equity at -0.83% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -23.65% away from its 52-week high of 58.40 and +7.42% away from the stock’s low point over the past 52 weeks, which was 41.51.

There are a number of Wall Street research brokerages which cover the stock and offer projections on earnings and future stock movement. On a consensus basis, analysts have a one year target price of 60.20. The company’s trailing twelve month (ttm) EPS stands at 1.98. The consensus analyst estimates according to First Call for the next quarter is 0.62. The current year EPS estimate on the stock is 2.48 and the EPS estimate for next year sits at 2.62.

The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 22.55. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 17.98. Investors looking further ahead, will note that the Price to next year’s EPS is 17.02.

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