Tc Pipelines (TSE:TRP) Receives “Buy” Rating from Tudor Pickering

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Tudor Pickering reissued their buy rating on shares of Tc Pipelines (TSE:TRP) (NYSE:TRP) in a report published on Wednesday, Stock Target Advisor reports. Tudor Pickering currently has a C$71.00 target price on the stock.

Several other analysts also recently issued reports on the stock. CIBC raised their price objective on shares of Tc Pipelines from C$73.00 to C$75.00 in a research note on Wednesday. UBS Group raised their price objective on shares of Tc Pipelines from C$65.00 to C$66.00 in a research note on Monday, October 7th. Tudor Pickering & Holt set a C$71.00 price objective on shares of Tc Pipelines and gave the stock a buy rating in a research note on Wednesday. Royal Bank of Canada set a C$75.00 price objective on shares of Tc Pipelines and gave the stock an outperform rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tc Pipelines from C$77.00 to C$78.00 in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$72.92.

Shares of TSE:TRP traded up C$0.33 during trading on Wednesday, reaching C$70.05. The company’s stock had a trading volume of 627,311 shares, compared to its average volume of 1,971,018. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 157.30. Tc Pipelines has a 12 month low of C$54.30 and a 12 month high of C$70.64. The firm’s 50 day simple moving average is C$68.47 and its two-hundred day simple moving average is C$66.97. The stock has a market capitalization of $65.04 billion and a PE ratio of 16.35.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, November 1st. The company reported C$1.04 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.99 by C$0.05. The business had revenue of C$3.13 billion during the quarter. Research analysts anticipate that Tc Pipelines will post 3.9557256 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, December 30th. Tc Pipelines’s dividend payout ratio (DPR) is presently 68.63%.

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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