The analysis provided in this article has found a substantial upside potential in TransCanada Corp’s (NYSE:TRP) shares in the near future. The company’s stock can be considered a good opportunity for investors seeking stable dividend income. The growth rate of dividend per share has been increasing for 17 th consecutive quarters. Our DCF analysis shows that the stock is undervalued in the base scenario, which is built on quite an optimistic rate of revenue growth in the forecast period. The aggressive scenario sets an upside opportunity of up to 40% from the current market price of the stock.
We start by analyzing TransCanada Corp’ segments and financial results. The increase in revenue is mostly explained by improved market conditions (driven by the OPEC’s agreement). You can see that the top line has achieved a level of $2.5B in the last quarter, up 40% year-over-year:
Best Growth Stocks For 2018: Granite Construction Incorporated(GVA)
- [By ]
Cramer was bearish on 3M (MMM) , Fitbit (FIT) and Granite Construction (GVA) .
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.
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Granite Construction (GVA) : “No, I’d rather see you in Martin Marietta Materials (MLM) .”
XPO Logistics (XPO) : “This stock just won’t come down. “
Best Growth Stocks For 2018: Smith & Nephew SNATS, Inc.(SNN)
- [By Lisa Levin]
Heat Biologics, Inc. (NASDAQ: HTBX) shares tumbled 48.59 percent to close at $1.275 on Thursday after the company priced its $18,000,000 public offering.
InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 38.77 percent to close at $8.26 on Thursday.
Check-Cap Ltd. (NASDAQ: CHEK) shares tumbled 27.43 percent to close at $8.81.
Achaogen, Inc. (NASDAQ: AKAO) dropped 24.76 percent to close at $11.06 in reaction to a disappointing update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections.
Anika Therapeutics, Inc. (NASDAQ: ANIK) shares declined 24.68 percent to close at $34.80 after the company posted downbeat quarterly results.
LSC Communications, Inc. (NASDAQ: LKSD) shares fell 24.22 percent to close at $12.64 following wider-than-expected Q1 loss.
Cardinal Health, Inc. (NYSE: CAH) fell 21.42 percent to close at $50.80 following downbeat quarterly profit.
Horizon Global Corporation (NYSE: HZN) dropped 20.42 percent to close at $6.00 following downbeat quarterly earnings.
Hornbeck Offshore Services, Inc. (NYSE: HOS) slipped 20.11 percent to close at $2.90 following wider-than-expected Q1 loss.
Esperion Therapeutics, Inc. (NASDAQ: ESPR) fell 19.28 percent to close at $36.93. Esperion Therapeutics stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. JP Morgan downgraded Esperion Therapeutics from Neutral to Underweight.
Laredo Petroleum, Inc. (NYSE: LPI) declined 17.77 percent to close at $8.98 after the company reported weaker-than-expected Q1 earnings.
The Habit Restaurants, Inc. (NASDAQ: HABT) dipped 16.1 percent to close at $8.60 after the company reported downbeat quarterly results.
Arcadia Biosciences, Inc. (N
- [By Benzinga News Desk]
Weight Watchers (NYSE: WTW) is tipping the scales on Wall Street: Link
USA Nonfarm Payrolls for Apr 164.0K vs 189.0K Est; Prior 103.0K. Private Payrolls for Apr 168.0K vs 194.0K Est; Prior 102.0K
Unemployment Rate for Apr 3.90% vs 4.00% Est; Prior 4.10%
New York Fed President William Dudley is set to speak at 12:45 p.m. ET.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
Federal Reserve Bank of San Francisco President John Williams will speak at 3:00 p.m. ET.
Randal Quarles, Vice Chairman for Supervision, is set to speak at 5:30 p.m. ET.
Dallas Fed President Robert Kaplan will speak at 8:00 p.m. ET.
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 8:00 p.m. ET.
Kansas City Fed President Esther George will speak at 8:00 p.m. ET.
RBC upgraded Benefitfocus (NASDAQ: BNFT) from Sector Perform to Outperform
Stephens upgraded FMC (NYSE: FMC) from Equal-Weight to Overweight
RBC downgraded Colfax (NYSE: CFX) from Outperform to Sector Perform
Deutsche Bank downgraded Smith & Nephew (NYSE: SNN) from Hold to Sell
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Best Growth Stocks For 2018: CubeSmart(CUBE)
- [By Shane Hupp]
DigiCube (CUBE) uses the hashing algorithm. It launched on March 12th, 2016. DigiCube’s total supply is 2,429,126,009 coins. DigiCube’s official Twitter account is @PurePoS. DigiCube’s official website is www.freestaking.com.