Tc Pipelines (TSE:TRP) Given a C$71.00 Price Target at Tudor Pickering & Holt

Tudor Pickering & Holt set a C$71.00 price target on Tc Pipelines (TSE:TRP) (NYSE:TRP) in a report released on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also commented on TRP. Evercore set a C$75.00 price target on Tc Pipelines and gave the stock an outperform rating in a report on Tuesday, June 16th. Royal Bank of Canada reaffirmed an outperform rating on shares of Tc Pipelines in a research note on Monday, May 4th. Raymond James reissued an outperform rating and issued a C$75.00 price target on shares of Tc Pipelines in a research note on Thursday, July 9th. Jefferies Financial Group reduced their price target on shares of Tc Pipelines from C$68.00 to C$65.00 in a research report on Wednesday, July 22nd. Finally, Citigroup lowered their price objective on Tc Pipelines from C$75.00 to C$69.00 in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$72.15.

Shares of TRP stock traded down C$0.18 during trading hours on Friday, reaching C$61.05. The company had a trading volume of 1,737,088 shares, compared to its average volume of 3,502,050. Tc Pipelines has a 12-month low of C$47.05 and a 12-month high of C$76.58. The company has a debt-to-equity ratio of 163.58, a quick ratio of 0.30 and a current ratio of 0.51. The company has a market capitalization of $57.39 billion and a price-to-earnings ratio of 13.87. The stock has a fifty day moving average of C$59.09 and a 200-day moving average of C$64.19.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, May 1st. The company reported C$1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.05 by C$0.13. The company had revenue of C$3.42 billion for the quarter. On average, analysts forecast that Tc Pipelines will post 4.15 EPS for the current year.

Tc Pipelines Company Profile

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.

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Analyst Recommendations for Tc Pipelines (TSE:TRP)

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