Tc Pipelines (NYSE:TRP) (TSE:TRP)‘s stock had its “average” rating reaffirmed by stock analysts at GMP Securities in a research note issued to investors on Monday. They currently have a $66.00 price target on the pipeline company’s stock. GMP Securities’ price target would suggest a potential upside of 65.17% from the stock’s previous close.

Several other brokerages have also recently issued reports on TRP. Deutsche Bank upped their target price on shares of Tc Pipelines from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research cut shares of Tc Pipelines from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. CIBC restated a “buy” rating on shares of Tc Pipelines in a research report on Friday, November 2nd. Morgan Stanley set a $28.00 target price on shares of Tc Pipelines and gave the company a “sell” rating in a research report on Friday, September 14th. Finally, Goldman Sachs Group initiated coverage on shares of Tc Pipelines in a research report on Monday, October 8th. They set a “neutral” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.83.

TRP opened at $39.96 on Monday. Tc Pipelines has a 52 week low of $37.24 and a 52 week high of $51.07. The stock has a market cap of $36.50 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.58 and a beta of 0.59. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 1.63.

Tc Pipelines (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 1st. The pipeline company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.59 by $0.41. Tc Pipelines had a net margin of 25.58% and a return on equity of 13.43%. The business had revenue of $3.16 billion during the quarter. During the same period last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Tc Pipelines will post 2.82 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Oxbow Advisors LLC raised its position in Tc Pipelines by 4.6% in the 2nd quarter. Oxbow Advisors LLC now owns 29,848 shares of the pipeline company’s stock worth $1,289,000 after purchasing an additional 1,300 shares during the period. Salem Investment Counselors Inc. raised its position in Tc Pipelines by 3.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 47,150 shares of the pipeline company’s stock worth $2,037,000 after purchasing an additional 1,650 shares during the period. Icon Wealth Partners LLC raised its position in Tc Pipelines by 42.5% in the 2nd quarter. Icon Wealth Partners LLC now owns 6,865 shares of the pipeline company’s stock worth $297,000 after purchasing an additional 2,047 shares during the period. FDx Advisors Inc. raised its position in Tc Pipelines by 36.1% in the 2nd quarter. FDx Advisors Inc. now owns 9,338 shares of the pipeline company’s stock worth $403,000 after purchasing an additional 2,475 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Tc Pipelines by 328.6% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,000 shares of the pipeline company’s stock worth $259,000 after purchasing an additional 4,600 shares during the period. 60.46% of the stock is currently owned by institutional investors.

About Tc Pipelines

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation and individual facilities, interconnecting pipelines, and other businesses.

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Analyst Recommendations for Tc Pipelines (NYSE:TRP)

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