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Is this Large Market Cap Stock target price reasonable for TC PipeLines, LP (NYSE:TCP)?

The company in question is, TC PipeLines, LP (NYSE:TCP) currently with a stock price of 57.31 (-0.84% today). The market cap for TC PipeLines, LP is 3842.54, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for TC PipeLines, LP is 57.63. Currently TC PipeLines, LP is trading with a P/E of 200, and a forward P/E of 18.64. Average volume for TC PipeLines, LP is 210.61 and so far today it is 47401.

Performance in the last year for TC PipeLines, LP has been 18.11%. For EPS growth, TC PipeLines, LP has seen a growth of -101.20%, and is looking to grow in the next year to -4.14%. More long term stats show that EPS growth has been -15.00% over the last five years and could be 6.00% for the next five years. TC PipeLines, LP has seen sales growth quarter over quarter at 4.70%, with EPS growth quarter over quarter at 16.00%. The 20-day simple moving average is 5.61%, with the 200-day simple moving average coming to 13.43%.

Since the IPO date for TC PipeLines, LP on the 5/25/1999, TC PipeLines, LP has seen performance year to date to be 22.60%. With TC PipeLines, LP trading at 57.31, the dividend yield is 6.25%, and the EPS is 0.29.

So could TC PipeLines, LP, be undervalued? Well as said before P/E is 200. The PEG is 33.33, P/S is 11.07 and the P/B is at 3.35. The P/cash is 96.06, with P/free cash flow at 960.64.

TC PipeLines, LP ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 1.4. This is with long term debt/equity at 1.72, and total debt/equity at 1.73.

In terms of margins, TC PipeLines, LP has a gross margin of *TBA, an operating margin of 52.70% and a profit margin of 6.10%.Payout ratio for TC PipeLines, LP is *TBA. Return on assets come to 0.70% with return on investment coming to 5.90%.

Insider ownership for TC PipeLines, LP, is at 26.72% and institutional ownership comes to 57.70%. Outstanding shares are at 66.48. While shares float is 46.95. The float short is currently 0.72%, and short ratio is 1.61.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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