NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $42.35, above its previous 52-week high of $42.34 with 81,923 shares traded as of 10:52 a.m. ET. Average volume has been 481,200 shares over the past 30 days.
TransCanada has a market cap of $29.4 billion and is part of the
industry. Shares are up 9.5% year to date as of the close of trading on Monday.
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 23.7, above the average utilities industry P/E ratio of 23.6 and above the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates TransCanada as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and expanding profit margins. 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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