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.

Many analysts weighed in on price targets for TCP. The most optimistic analyst gave a price target of 72, which equates to a potential upside of 27.21 percent. The most pessimistic price target 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.83 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.1 percent. 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. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 1 analysts revised their FY earnings estimates upwards, 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. Investors like to see smaller values for the PEG ratio, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of TCP is 162.82.

In the trailing 52-weeks, TCP hit 65.03 at the highest peak, while it's lowest trading point was 47.12. Today's price is 20.12 percent above the 52-week low, 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 market cap of TCP is $4.07 billion. TCP's next earnings release will be on 0000-00-00, which is days away.