TheStreet Upgrades TC Pipelines, LP to Buy (TCP)
TC Pipelines, LP (NYSE:TCP) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Monday, Analyst Ratings Net reports.
The analysts wrote, “TC Pipelines (TCP) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
A number of other firms have also recently commented on TCP. Analysts at RBC Capital initiated coverage on shares of TC Pipelines, LP in a research note to investors on Thursday, October 3rd. They set a “sector perform” rating and a $51.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TC Pipelines, LP in a research note to investors on Monday, September 9th. They now have a $49.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of TC Pipelines, LP from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 23rd. They now have a $51.00 price target on the stock, down previously from $53.00. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. TC Pipelines, LP has a consensus rating of “Hold” and a consensus price target of $48.57.
Shares of TC Pipelines, LP (NYSE:TCP) traded up 0.95% on Monday, hitting $48.88. 72,057 shares of the company’s stock traded hands. TC Pipelines, LP has a 1-year low of $38.74 and a 1-year high of $52.61. The stock has a 50-day moving average of $48.37 and a 200-day moving average of $47.87. The company has a market cap of $3.047 billion and a P/E ratio of 22.93.
TC PipeLines, LP (NYSE:TCP) acquires, owns and participates in the management of energy infrastructure businesses in North America.
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