Analyst Ratings for TC PipeLines L.P. (TCP)

Updated: 2017-07-29

Shares of TC PipeLines L.P. (NYSE:TCP) have received a consensus rating of Hold from Wall Street analysts. About 30 days ago, TCP was issued an average rating of Hold.

Of the 11 analysts covering the stock, 3 gave it a buy rating, 1 issued an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 2 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for TCP. The highest price target was 72, which equates to a potential upside of 27.21 percent. The most pessimistic price target was 57, which equates to a potential downside of 0.71 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.41 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.83 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.1 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.32 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 1 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

The growth rate of TCP's earnings is estimated by analysts to be 0.11 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. TCP has a PEG ratio of 162.82.

TCP has a 52-week high of 65.03 and a 52-week low of 47.12. The current market price is above the trailing year's low by 20.12 percent, and below the high by 12.96 percent. TCP has a price/earnings ratio of 17.91. Investors typically compare the P/E ratio to a company's peers in the industry. The TCP value stock report compares TCP to some of its peers using value stock charts. The stock has a market capitalization of $4.07 billion. TCP will post this quarters earnings in days, on 0000-00-00.