Credit Suisse Group Raises Tc Pipelines (TSE:TRP) Price Target to C$74.00

Tc Pipelines (TSE:TRP) (NYSE:TRP) had its price objective increased by research analysts at Credit Suisse Group from C$70.00 to C$74.00 in a report issued on Monday, Stock Target Advisor reports. Credit Suisse Group’s target price indicates a potential upside of 4.17% from the stock’s previous close.

A number of other equities research analysts have also issued reports on TRP. Tudor Pickering reiterated a “buy” rating and issued a C$71.00 target price on shares of Tc Pipelines in a research note on Wednesday, January 15th. CIBC increased their target price on Tc Pipelines from C$73.00 to C$75.00 in a research note on Wednesday, January 15th. Citigroup increased their target price on Tc Pipelines from C$73.00 to C$75.00 in a research note on Friday, November 1st. Royal Bank of Canada set a C$75.00 price objective on Tc Pipelines and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Co raised their price objective on Tc Pipelines from C$74.00 to C$75.00 in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Tc Pipelines has a consensus rating of “Buy” and a consensus target price of C$73.07.

TSE:TRP traded up C$0.19 on Monday, hitting C$71.04. 510,040 shares of the stock were exchanged, compared to its average volume of 1,894,751. The stock has a market cap of $66.17 billion and a PE ratio of 16.58. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 157.30. The stock has a fifty day moving average of C$68.58 and a 200-day moving average of C$67.03. Tc Pipelines has a fifty-two week low of C$54.46 and a fifty-two week high of C$71.12.

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, topping the Thomson Reuters’ consensus estimate of C$0.99 by C$0.05. The firm had revenue of C$3.13 billion for the quarter. As a group, analysts predict that Tc Pipelines will post 3.9557256 earnings per share for the current year.

About Tc Pipelines

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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