TC Pipelines, Reaches New 1-Year High at $58.99 (TCP)
Shares of TC Pipelines, (NYSE:TCP) hit a new 52-week high during mid-day trading on Thursday , AnalystRatings.NET reports. The stock traded as high as $58.99 and last traded at $58.41, with a volume of 29,157 shares trading hands. The stock had previously closed at $58.53.
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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. TC Pipelines, currently has an average rating of “Hold” and an average target price of $53.67.
The stock has a 50-day moving average of $53.56 and a 200-day moving average of $50.6. The company has a market cap of $3.635 billion and a P/E ratio of 21.86.
TC Pipelines, (NYSE:TCP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the 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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