Tc Pipelines (TSE:TRP) Price Target Raised to C$76.00 at TD Securities

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Tc Pipelines (TSE:TRP) (NYSE:TRP) had its price target increased by TD Securities from C$74.00 to C$76.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on TRP. National Bank Financial boosted their price target on shares of Tc Pipelines from C$65.00 to C$66.00 and gave the company a sector perform rating in a research report on Wednesday, July 31st. GMP Securities lowered their price target on shares of Tc Pipelines from C$74.00 to C$73.00 in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on shares of Tc Pipelines from C$71.00 to C$75.00 and gave the company an outperform rating in a research report on Wednesday, May 29th. CIBC boosted their price target on shares of Tc Pipelines from C$69.00 to C$70.00 in a research report on Wednesday, July 31st. Finally, Citigroup boosted their price target on shares of Tc Pipelines from C$60.00 to C$73.00 and gave the company a buy rating in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$69.00.

Shares of TRP stock opened at C$64.19 on Friday. The firm’s 50-day moving average price is C$65.34. The company has a debt-to-equity ratio of 157.19, a quick ratio of 0.21 and a current ratio of 0.44. The firm has a market cap of $59.31 billion and a PE ratio of 14.22. Tc Pipelines has a twelve month low of C$47.90 and a twelve month high of C$67.15.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, May 3rd. The company reported C$1.07 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.10. The firm had revenue of C$3.49 billion for the quarter. On average, analysts expect that Tc Pipelines will post 4.0399997 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.00 annualized dividend and a dividend yield of 4.67%. Tc Pipelines’s payout ratio is 66.45%.

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.

See Also: Intrinsic Value

Analyst Recommendations for Tc Pipelines (TSE:TRP)

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