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.

Investment analysts gave a few price targets for TCP. The maximum price target given was 72, implying a possible profit of 27.21 percent. The most pessimistic analyst gave a price target of 57, implying potential capital losses of 0.71 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.41 percent on average, compared to last month. That number becomes 0.83 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.1 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.32 percent.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. 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. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. TCP has a PEG ratio of 162.82.

In the last 52-weeks, TCP has achieved a high of 65.03 and a low of 47.12. Today's price is 20.12 percent above the 52-week low, and 12.96 percent lower than its 52-week high. TCP has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.