Analyst Actions: TransCanada Corp Estimates Lowered at Credit Suisse; Shares Edge Higher

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Credit Suisse analysts have lowered their earnings estimates for TransCanada Corporation ( TRP ), and have set a target price of C$54 a share.

"TransCanada reported headline Q4 2012 EPS of C$0.43 and comparable EPS of C$0.45. That comparable figure missed our C$0.52 view and the Street's C$0.526 (in a C$0.49-C$0.57 range)," said Credit Suisse. " Against our estimates, natural gas pipeline and oil pipelines EBITDA were stronger than our forecasts, however, the energy segment was much weaker."

The firm has revised its earnings estimates from C$2.47 and C$2.63 to C$2.36 and C$2.59 for 2013 and 2014, respectively. It also lowered its 2015 EPS estimate to C$3.09 from C$3.12.


Shares of TRP are up 0.02% to $47.47, amid a 52-week range of $39.87 - $49.64.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: TRP

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