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


The leading market experts have placed a mean price target of $57.00 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 $0.78 a share for the upcoming quarter and $3.15 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 $54.29, and stock is trading $-1.29 points away or -2.37% from its 50-day moving average of $54.29. Further it is trading $0.90 or +1.72% away its 200-day moving average of $52.10. TC PipeLines, LP (NYSE:TCP) 52-week high is $60.48 and the 52-week low is $34.25.

This explains if the stock moves $-7.48, it will post a 52-week high. In event of +54.74% 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 100.57.

The stock last ended the trading session at $53.00 and registered a market cap of $3.51B. 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 3.02.

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