TC Energy (TSE:TRP) Price Target Raised to C$86.00 at Scotiabank

TC Energy (TSE:TRP) (NYSE:TRP) had its target price hoisted by Scotiabank from C$81.00 to C$86.00 in a report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 12.99% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Cibc World Mkts downgraded TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Cibc Captl Mkts raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$73.00 to C$74.00 in a report on Tuesday, November 11th. Barclays increased their target price on shares of TC Energy from C$75.00 to C$80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, TD Securities cut their price target on TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Two 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. Based on data from MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.00.

TC Energy Stock Performance

TRP traded up C$0.63 during trading on Friday, reaching C$76.11. 519,956 shares of the company’s stock were exchanged, compared to its average volume of 6,714,679. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. TC Energy has a 1 year low of C$62.17 and a 1 year high of C$77.76. The company’s fifty day simple moving average is C$75.55 and its 200-day simple moving average is C$72.02. The stock has a market capitalization of C$79.23 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84.

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

TC Energy Company Profile

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.