TC Energy (TSE:TRP) Reaches New 12-Month High – Should You Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$77.76 and last traded at C$74.75, with a volume of 4523645 shares trading hands. The stock had previously closed at C$76.85.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRP. Cibc Captl Mkts raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Raymond James Financial increased their price target on shares of TC Energy from C$70.00 to C$72.00 in a research report on Monday, November 10th. TD Securities lowered their price objective on TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a report on Friday, November 7th. Scotiabank increased their target price on TC Energy from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada boosted their price target on TC Energy from C$74.00 to C$84.00 in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$79.40.

TC Energy Stock Down 0.5%

The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm’s 50-day moving average price is C$74.76 and its 200 day moving average price is C$71.49. The firm has a market cap of C$79.59 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share (EPS) for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The firm had revenue of C$3.70 billion during the quarter. As a group, research analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current year.

About TC Energy

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.