Tc Pipelines (NYSE:TRP) (TSE:TRP)‘s stock had its “buy” rating reiterated by equities researchers at CIBC in a report released on Monday.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank boosted their price objective on Tc Pipelines from $57.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research cut Tc Pipelines from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Morgan Stanley set a $28.00 price target on Tc Pipelines and gave the stock a “sell” rating in a report on Friday, September 14th. Goldman Sachs Group assumed coverage on Tc Pipelines in a report on Monday, October 8th. They issued a “neutral” rating and a $38.00 price target for the company. Finally, UBS Group assumed coverage on Tc Pipelines in a report on Thursday, October 4th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Tc Pipelines currently has a consensus rating of “Hold” and an average target price of $49.00.

Shares of TRP stock opened at $38.49 on Monday. The stock has a market capitalization of $35.55 billion, a PE ratio of 16.17, 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 has a 52-week low of $37.24 and a 52-week high of $51.07.

Tc Pipelines (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, November 1st. The pipeline company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.41. The business had revenue of $3.16 billion during the quarter. Tc Pipelines had a return on equity of 13.43% and a net margin of 25.58%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. As a group, equities research analysts expect that Tc Pipelines will post 2.79 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRP. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Tc Pipelines by 328.6% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,000 shares of the pipeline company’s stock valued at $259,000 after acquiring an additional 4,600 shares during the last quarter. Icon Wealth Partners LLC raised its holdings in shares of Tc Pipelines by 42.5% during the second quarter. Icon Wealth Partners LLC now owns 6,865 shares of the pipeline company’s stock valued at $297,000 after acquiring an additional 2,047 shares during the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Tc Pipelines during the second quarter valued at approximately $307,000. FDx Advisors Inc. raised its holdings in shares of Tc Pipelines by 36.1% during the second quarter. FDx Advisors Inc. now owns 9,338 shares of the pipeline company’s stock valued at $403,000 after acquiring an additional 2,475 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Tc Pipelines by 88.3% during the second quarter. SG Americas Securities LLC now owns 16,979 shares of the pipeline company’s stock valued at $733,000 after acquiring an additional 7,961 shares during the last quarter. 60.37% of the stock is owned by institutional investors.

Tc Pipelines Company Profile

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.

Featured Article: What is a Call Option?

Analyst Recommendations for Tc Pipelines (NYSE:TRP)

Receive News & Ratings for Tc Pipelines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tc Pipelines and related companies with MarketBeat.com's FREE daily email newsletter.