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 highest price target was 72, implying potential capital gains of 27.21 percent. The minimum price target given was 57, implying a possible loss of 0.71 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

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. 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 revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of TCP to grow at a rate of 0.11 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. TCP has a PEG ratio of 162.82.

TCP has traded between a high of 65.03 and a low of 47.12 over the past year. The current market price is above the trailing year's low by 20.12 percent, and 12.96 percent below the 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's next earnings release will be on 0000-00-00, which is days away.