Stock To Watch: TC PipeLines, LP (NYSE:TCP)


The leading market experts have placed a mean price target of $55.25 on TC PipeLines, LP (NYSE:TCP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.63 a share for the upcoming quarter and $3.13 for the current fiscal. Technical View The technical analysis of TC PipeLines, LP Common Units r plainly substantiates that the 50-day moving average of TC PipeLines, LP Common Units r is $55.85, and stock is hovering -4.21 or -7.54% distant from $55.85. It is noted that the 200-day MA is $49.97, and TC PipeLines, LP Common Units r stock is $1.67 or +3.33% off from this point. TC PipeLines, LP (NYSE:TCP) 52-week high is $61.74 and the 52-week low is $34.25. This explains if the stock moves $-10.10, it will post a 52-week high. In event of $+50.77% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of TC PipeLines, LP Common Units r, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, TC PipeLines, LP (NYSE:TCP) ratio came in at 133.09. The stock last ended the trading session at $51.64 and registered a market cap of $3.44B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. TC PipeLines, LP (NYSE:TCP) PEG ratio is at 2.89.

1 Chart Pattern Every Investor Should Know

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