TransCanada Corporation (NYSE:TRP) Given Price Target Of $49.64


As per TransCanada Corporation (NYSE:TRP)’s news release on 2016-07-28, its shareholders will get cash dividend of $0.433 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-31, respectively.

The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year TransCanada Corporation (NYSE:TRP) disbursed $0.433 in dividend compared to distribution of $0.433, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -15.9627%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated TransCanada Corporation (NYSE:TRP) to attain a price target of $49.64. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $58. The low price range is set at $43.8 for next year while the arithmetic mean is seen at 2.25.

Eyeing Earnings TransCanada Corporation (NYSE:TRP) is likely to post quarterly numbers around 2016-11-01 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.4 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, TransCanada Corporation (NYSE:TRP) earnings came at $0.4 suggesting a deviation of $0. The brokerages targeted EPS of $0.4 for the quarter.

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