Canadian stock alert

CANA

CLOSING UPDATE: TransCanada keeps sliding: down 4.0% in 4 days 21 September 2018 18:15 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

TransCanada, Canada's 2nd largest oil & gas - midstream company by market capitalisation, extended its slide on Friday, shedding an additional 73.0c (or 1.4%) to trade at CAD53.02. Trading volume was 4.2 times average at the end of the day.

Technical indicators complementing today's significant downtrend:

+ The negative 0.91 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price dropped 2.8% in the last week and tumbled 7.9% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings of 15.4 [3.8]

+ Price/Sales of 3.3 [0.6]

Other Bearish Signals include:

+ Net profit margin has averaged 6.3% in the last 3 years. This is lower than the sector average of 19.6% and suggests a low margin of safety.

Note

TransCanada today is at a discount of 17.7% to the 12-month high of CAD64.39 on 21 Nov, 2017. It is at a premium of 6.7% to the 12-month low of CAD49.67 on 04 Apr, 2018.

The stock has outperformed 54% of the Canadian market over the past 6 months.

Bullish Signals:

Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

As per the Du Pont analysis, Return on Equity of 14.5% is better than sector average of 9.4%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Return on Equity 14.5% [9.4%]

Return on Assets 3.9% [1.7%]

Return on Capital Employed 7.1% [5.3%]

TODAY'S ALERTS

Afternoon Alert: TransCanada keeps sliding: down 3.8% in 4 days

21 September 2018 14:43 EDT

TransCanada Corporation (TSX:TRP) extended its slide on Friday, shedding an additional 60.0c (or 1.1%) to trade at CAD53.15. Trading volume was 2.2 times average so far today.

Afternoon Alert: TransCanada decreases 0.8%, leads Oil & gas - midstream sector lower

21 September 2018 12:14 EDT

TransCanada Corporation (TSX:TRP) has decreased 0.8% to trade at CAD53.34 vs. the Oil & gas - midstream sector which weakened 2.4 points (or 0.1%) to 1,862.0. Representing a weighting of about 24.8% of the sector, the stock accounted for the loss. The shares have underperformed 86% of the market in the past week. Trading volume was 2.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: TransCanada keeps sliding: down 2.7% in 3 days

20 September 2018 18:16 EDT

TransCanada, Canada's 2nd largest oil & gas - midstream company by market capitalisation, extended its slide on Thursday, shedding an additional 58.0c (or 1.1%) to trade at CAD53.75. Trading volume was 1.3 times average at the end of the day.

Afternoon Alert: TransCanada in 3rd consecutive fall, nears five-month low

20 September 2018 14:43 EDT

TransCanada Corporation (TSX:TRP) slipped further on Thursday, sliding an additional 30.0c (or 0.6%) to trade at CAD54.03. The stock decreased 1.05% on Tuesday and 0.62% on Wednesday bringing its 3-day fall to 2.2%. It is now approaching its 96-day low of CAD53.99.

TransCanada Corporation (T:TRP; TSE:TRP; N:TRP; CN:TRP)

ISIN: CA89353D1078

PermID: 4295862910

CIK: TransCanada Corporation

Source: www.BuySellSignals.com