RBC Capital Stick to Their Buy Rating for TC Pipelines By Investing.com

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RBC Capital Stick to Their Buy Rating for TC Pipelines

Published Feb 25, 2021 08:47PM ET

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RBC Capital analyst T J Schultz maintained a Buy rating on TC Pipelines (NYSE:TCP) on Thursday, setting a price target of $40, which is approximately 29.12% above the present share price of $30.98.

J Schultz expects TC Pipelines to post earnings per share (EPS) of $0.90 for the first quarter of 2021.

The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in TC Pipelines, with an average price target of $37.
The analysts price targets range from a high of $37 to a low of $37.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $99 million and a net profit of $46 million. The company's market cap is $2.27 billion.

According to TipRanks.com, RBC Capital analyst T J Schultz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.5% and a 66.00% 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.

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