Brokerages Set TC Energy Co. (TSE:TRP) Target Price at C$87.46

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Hold” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$88.08.

A number of research analysts recently commented on TRP shares. Raymond James Financial upped their price objective on TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th. TD upped their price objective on TC Energy from C$90.00 to C$98.00 and gave the company a “hold” rating in a report on Tuesday. Barclays upped their price objective on TC Energy from C$88.00 to C$92.00 in a report on Monday, May 4th. ATB Cormark Capital Markets upped their price objective on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective on the stock in a report on Sunday, April 19th.

Insiders Place Their Bets

In other news, insider Dawn Elizabeth De Lima sold 25,342 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the transaction, the insider directly owned 18,490 shares in the company, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their ownership of the stock. Also, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is owned by corporate insiders.

TC Energy Price Performance

TRP stock opened at C$93.19 on Friday. TC Energy has a 1 year low of C$63.34 and a 1 year high of C$98.62. The firm has a market capitalization of C$97.08 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76. The business has a 50 day simple moving average of C$88.92 and a 200-day simple moving average of C$82.59. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, May 1st. The company reported C$0.99 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion for the quarter. Equities research analysts anticipate 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.