Recently, TransCanada Corporation (TSX:TRP)(NYSE:TRP) announced some extremely positive news for Canadian natural gas producers—the company proposed reducing tolls on its Canadian Mainline pipeline (a 14,000 km natural gas pipeline extending ...
The stock of TransCanada Corporation (TSE:TRP) is a huge mover today! About 438,683 shares traded hands. TransCanada Corporation (TSE:TRP) has risen 12.19% since May 2, 2016 and is uptrending. It has outperformed by 5.34% the S&P500.
With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities.
TransCanada Corporation (TSE:TRP) had its stock rating noted as Outperform by analysts at RBC Capital Markets. RBC Capital Markets currently has a $72.00 price target on the $50.30B market cap company or 23.06% upside potential.
Let's take a look at some current ROIC (Return on Invested Capital) information for TransCanada Corporation (TSX:TRP). ROIC is a widely used financial metric that gauges how efficient a company is with earning cash flow through invested capital.