TransCan (TSX: TRP), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Linda Ezergailis from TD Securities rated TransCan (TSX: TRP) a Buy, setting a C$74 price target.
Ezergailis has an average return of 1.5% when recommending TransCan.
According to TipRanks.com, Ezergailis is ranked #3678 out of 4853 analysts.
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Currently, the analyst consensus on TransCan is a Strong Buy with an average price target of C$71.33, implying a 21.2% upside from current levels. In a report issued on July 25, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$71 price target.
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Based on TransCan’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$3.42 billion and net profit of C$774 million. In comparison, last year the company earned revenue of C$3.35 billion and had a net profit of C$920 million.
TransCanada Corp. operates as an energy infrastructure company. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines.
The company’s shares closed on Friday at C$58.87.
