In a report released today, Jeremy Tonet from J.P. Morgan maintained a Sell rating on TC Pipelines (TCP), with a price target of $38. The company’s shares closed on Friday at $35.36, close to its 52-week high of $37.66.
According to TipRanks.com, Tonet is a 4-star analyst with an average return of 6.3% and a 57.7% success rate. Tonet covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Hess Midstream Partners Lp, and CNX Midstream Partners LP.
Currently, the analyst consensus on TC Pipelines is a Moderate Sell with an average price target of $33.40.
See today’s analyst top recommended stocks >>
The company has a one-year high of $37.66 and a one-year low of $22.64. Currently, TC Pipelines has an average volume of 286.6K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TC Pipelines LP engages in nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc., which is an indirect, wholly-owned subsidiary of TransCanada. The company was founded in 1998 and is headquartered in Houston, TX.
