Barclays (LON:BARC) analyst Christine Cho CFA maintained a Buy rating on TC Pipelines (NYSE:TCP) on Thursday, setting a price target of $40, which is approximately 31.71% above the present share price of $30.37.
Cho CFA expects TC Pipelines to post earnings per share (EPS) of $0.78 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in TC Pipelines, with an average price target of $41.25.
The analysts price targets range from a high of $44 to a low of $39.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $95 million and a net profit of $51 million. The company's market cap is $2.17 billion.
According to TipRanks.com, Barclays analyst Christine Cho CFA is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.4% and a 48.61% success rate.
TC Pipelines LP engages in natural gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The company was founded in 1998 and is headquartered in Houston, TX.