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 most optimistic analyst gave a price target of 72, implying a possible profit of 27.21 percent. The most pessimistic price target was 57, implying a possible loss of 0.71 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.41 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 0.83 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.1 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.32 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

TCP has an estimated earnings growth rate of 0.11 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers 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. Currently the stock is 20.12 percent higher than its low, and 12.96 percent lower than its 52-week high. 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 market cap of TCP is $4.07 billion. TCP will post this quarters earnings in days, on 0000-00-00.