Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $57.50 on TC PipeLines, LP (NYSE:TCP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.18 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of TC PipeLines, LP (NYSE:TCP) stands at 162.58.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For TC PipeLines, LP Common Units r, the PEG ratio for coming 3-5 years is 2.89.
The technical analysis highlights that TC PipeLines, LP Common Units r current is trading $-0.66 points away or -1.22% from its 50-day moving average of $53.66. Further it is trading $-0.04 or -0.08% away its 200-day moving average of $53.04.
The 52-week high of TC PipeLines, LP (NYSE:TCP) was $60.48 while lowest point recorded in 52-week was $34.25. It implies if stock price makes a movement of over $-7.48, it will record a new 52-week high. In the case of +54.74% drop, it will touch a new 52-week low.
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