TC Energy Co. (TSE:TRP) Receives Consensus Rating of “Hold” from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$89.86.

A number of equities analysts have recently commented on TRP shares. Citigroup increased their price objective on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. ATB Cormark Capital Markets increased their price objective on shares of TC Energy from C$82.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. National Bank Financial increased their price objective on shares of TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a research note on Sunday, April 19th. Finally, Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective for the company. in a research note on Wednesday, June 10th.

Insider Transactions at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Company insiders own 0.03% of the company’s stock.

TC Energy Price Performance

Shares of TRP opened at C$96.91 on Thursday. The stock has a market capitalization of C$100.96 billion, a P/E ratio of 30.38, a P/E/G ratio of 1.69 and a beta of 0.70. TC Energy has a twelve month low of C$63.34 and a twelve month high of C$98.62. The company has a 50 day moving average of C$91.49 and a 200-day moving average of C$84.91. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. The company had revenue of C$3.86 billion during the quarter. As a group, equities research analysts forecast that TC Energy will post 3.5490515 EPS for the current fiscal 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.