Will 2018 Be TransCanada Corporation's Best Year Yet?
Overall, 2017 has been a solid year for TransCanada (NYSE: TRP). Through the third quarter, the Canadian pipeline giant's earnings have risen 15%, while cash flow is up 12%. This puts the company on pace to set records this year. That growth pushed the stock up about 7% through mid-December, and it's now within striking distance of its all-time high.
That said, there's ample fuel left for TransCanada to continue growing next year. In fact, the company has already told investors to expect 10% earnings growth, as well as a dividend increase by that same rate. Those factors suggest that 2018 could be the company's best year yet.
Image source: Getty Images.
Source: Fool.com
TC Energy Corp. Aktie
34,80 €
-0,78 %
Positive Community-Reaktionen für TC Energy Corp. mit einigen mehr Buy- als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 49 € für TC Energy Corp. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 34.8 €.
