2. As of noon trading, TransCanada ( TRP) is up $0.32 (0.7%) to $48.21 on average volume Thus far, 225,503 shares of TransCanada exchanged hands as compared to its average daily volume of 550,100 shares. The stock has ranged in price between $47.65-$48.23 after having opened the day at $47.65 as compared to the previous trading day's close of $47.89.

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $33.8 billion and is part of the utilities industry. The company has a P/E ratio of 25.9, above the S&P 500 P/E ratio of 17.7. Shares are up 1.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate TransCanada a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its 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. Get the full TransCanada Ratings Report now.

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