TC Pipelines, Reaches New 52-Week High at $56.04 (TCP)
TC Pipelines, (NYSE:TCP) hit a new 52-week high during trading on Monday , AnalystRatings.NET reports. The stock traded as high as $56.04 and last traded at $55.37, with a volume of 36,548 shares changing hands. The stock had previously closed at $55.54.
A number of analysts have recently weighed in on TCP shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of TC Pipelines, in a research note on Monday, June 30th. They now have a $52.00 price target on the stock, up previously from $46.50. Analysts at Barclays upgraded shares of TC Pipelines, from an “underweight” rating to an “equal weight” rating in a research note on Monday, June 9th. They now have a $58.00 price target on the stock, up previously from $54.00. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. TC Pipelines, presently has a consensus rating of “Hold” and an average price target of $53.00.
The stock has a 50-day moving average of $52.50 and a 200-day moving average of $50.08. The company has a market cap of $3.467 billion and a P/E ratio of 20.74.
TC Pipelines, (NYSE:TCP) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.03. Analysts expect that TC Pipelines, will post $2.71 EPS for the current fiscal year.
TC PipeLines, LP (NYSE:TCP), acquires, owns and participates in the management of energy infrastructure businesses in North America.
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