Brokerages Set Tc Pipelines Lp (TRP) Target Price at $56.20
Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.20.
Several equities analysts recently issued reports on the company. Evercore ISI assumed coverage on Tc Pipelines in a research note on Tuesday. They set a $60.00 price objective on the stock. Macquarie started coverage on Tc Pipelines in a research note on Thursday, January 24th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Tc Pipelines from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, January 10th. GMP Securities reiterated an “average” rating and issued a $66.00 target price on shares of Tc Pipelines in a research note on Monday, November 19th. Finally, ValuEngine upgraded Tc Pipelines from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th.
Shares of TRP opened at $41.60 on Wednesday. Tc Pipelines has a 12-month low of $34.58 and a 12-month high of $46.19. The firm has a market cap of $38.29 billion, a P/E ratio of 17.48, a PEG ratio of 2.16 and a beta of 0.85. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 1.63.
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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