CSFB cut shares of Tc Pipelines (TSE:TRP) (NYSE:TRP) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday, BayStreet.CA reports.
A number of other brokerages have also commented on TRP. GMP Securities lowered their price objective on Tc Pipelines from C$74.00 to C$73.00 in a research report on Wednesday, July 31st. National Bank Financial lifted their price objective on Tc Pipelines from C$65.00 to C$66.00 and gave the company a sector perform rating in a report on Wednesday, July 31st. CIBC boosted their target price on Tc Pipelines from C$69.00 to C$70.00 in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on Tc Pipelines from C$72.00 to C$73.00 in a research note on Tuesday, May 7th. Finally, TD Securities boosted their price target on Tc Pipelines from C$74.00 to C$76.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$69.00.
Tc Pipelines stock opened at C$63.50 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.44 and a debt-to-equity ratio of 157.19. The business’s fifty day moving average is C$65.16. Tc Pipelines has a 52-week low of C$47.90 and a 52-week high of C$67.15. The firm has a market capitalization of $59.21 billion and a price-to-earnings ratio of 14.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, September 27th. This represents a $3.00 annualized dividend and a yield of 4.72%. Tc Pipelines’s dividend payout ratio is currently 63.79%.
Tc Pipelines Company Profile
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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