NEW YORK (
) hit a new 52-week high Thursday as it traded at $40.43 compared with its previous 52-Week high of $40.42. TransCanada is changing hands at $40.41 with 316,269 shares traded as of 2:51 p.m. ET. Average volume has been 479,300 shares over the past 30 days.
TransCanada has a market cap of $27.9 billion and is part of the
industry. Shares are up 4.3% year to date as of the close of trading on Wednesday.
TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in two segments, Pipelines and Energy. The company has a P/E ratio of 22.5, above the average utilities industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
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