TC Energy (TSE:TRP) Price Target Raised to C$95.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target raised by Citigroup from C$86.00 to C$95.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently weighed in on TRP. National Bank Financial raised their price objective on shares of TC Energy from C$85.00 to C$86.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Jefferies Financial Group increased their target price on shares of TC Energy from C$80.00 to C$88.00 in a research report on Tuesday, February 17th. Raymond James Financial lifted their price target on shares of TC Energy from C$74.00 to C$78.00 in a research note on Monday. 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 company from C$81.00 to C$85.00 in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada upped their price objective on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, TC Energy has a consensus rating of “Hold” and an average price target of C$86.18.

TC Energy Trading Up 2.0%

TRP opened at C$88.16 on Tuesday. TC Energy has a one year low of C$62.17 and a one year high of C$89.68. The company has a market cap of C$91.84 billion, a P/E ratio of 26.96, a PEG ratio of 1.69 and a beta of 0.83. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. The business’s 50-day simple moving average is C$85.05 and its 200-day simple moving average is C$78.14.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$4.17 billion during the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%. As a group, equities research analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Activity

In other news, insider Dawn Elizabeth De Lima sold 25,342 shares of TC Energy stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the transaction, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. The trade was a 57.82% decrease in their position. Company insiders own 0.03% of the company’s stock.

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.