TC Energy (TSE:TRP) Price Target Raised to C$80.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target raised by ATB Cormark Capital Markets from C$73.00 to C$80.00 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also issued research reports about the stock. TD Securities lowered shares of TC Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$84.00 to C$88.00 in a research report on Tuesday. Raymond James Financial lifted their price target on shares of TC Energy from C$71.00 to C$74.00 and gave the company a “hold” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce cut shares of TC Energy from an “outperform” rating to a “hold” rating and boosted their price target for the stock from C$81.00 to C$85.00 in a research report on Tuesday. Scotiabank raised their price objective on TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, National Bank Financial lifted their target price on TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$84.00.

TC Energy Stock Up 1.4%

TSE:TRP opened at C$85.63 on Tuesday. The stock has a 50-day simple moving average of C$77.95 and a 200 day simple moving average of C$74.64. TC Energy has a 52-week low of C$62.17 and a 52-week high of C$86.97. The company has a market cap of C$89.13 billion, a PE ratio of 26.19, a PEG ratio of 1.69 and a beta of 0.86. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The firm had revenue of C$4.17 billion for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. On average, sell-side analysts expect that TC Energy will post 3.5490515 EPS 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.