Tc Pipelines (TSE:TRP) Price Target Increased to C$66.00 by Analysts at National Bank Financial

Tc Pipelines (TSE:TRP) (NYSE:TRP) had its target price hoisted by National Bank Financial from C$65.00 to C$66.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also commented on TRP. JPMorgan Chase & Co. boosted their price objective on Tc Pipelines from C$72.00 to C$73.00 in a report on Tuesday, May 7th. CIBC boosted their target price on Tc Pipelines from C$69.00 to C$70.00 in a research note on Wednesday. Citigroup upped their price objective on Tc Pipelines from C$60.00 to C$73.00 and gave the company a buy rating in a research note on Tuesday, June 4th. GMP Securities dropped their price objective on Tc Pipelines from C$74.00 to C$73.00 in a research note on Wednesday. Finally, Royal Bank of Canada upped their price objective on Tc Pipelines from C$71.00 to C$75.00 and gave the company an outperform rating in a research note on Wednesday, May 29th.

Shares of TRP traded down C$0.06 during midday trading on Wednesday, hitting C$64.56. The company’s stock had a trading volume of 141,822 shares, compared to its average volume of 2,457,092. The company has a debt-to-equity ratio of 163.50, a current ratio of 0.37 and a quick ratio of 0.27. Tc Pipelines has a one year low of C$47.90 and a one year high of C$67.15. The company has a market cap of $59.71 billion and a PE ratio of 15.47. The company’s fifty day moving average price is C$65.45.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, May 3rd. The company reported C$1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.97 by C$0.10. The firm had revenue of C$3.49 billion for the quarter. As a group, equities analysts forecast that Tc Pipelines will post 4.0400001 EPS 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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