BMO Capital Markets Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price target upped by BMO Capital Markets from C$94.00 to C$99.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. TD set a C$98.00 price objective on TC Energy and gave the stock a “hold” rating in a research note on Thursday, June 25th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price for the company in a research report on Sunday, April 19th. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price for the company. in a report on Wednesday, June 10th. National Bank Financial increased their price target on TC Energy from C$92.00 to C$102.00 in a research report on Monday, June 1st. Finally, Scotiabank raised their price target on TC Energy from C$97.00 to C$105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$94.64.

TC Energy Price Performance

TC Energy stock opened at C$94.40 on Friday. The stock has a market cap of C$98.34 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. TC Energy has a 1 year low of C$64.91 and a 1 year high of C$100.18. The firm has a 50-day moving average of C$96.12 and a two-hundred day moving average of C$89.17.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$3.96 billion for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. On average, research analysts forecast that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Activity

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. 0.03% of the stock is owned by insiders.

Key Stories Impacting TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy reported second-quarter revenue of C$3.96 billion and earnings of C$0.94 per share, with coverage describing the results as a beat. The company also approved approximately $500 million in pipeline expansion projects, supporting potential long-term growth. TC Energy posts Q2 earnings beat and approves $500 million in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy EPS forecasts across multiple periods, including FY2026 to $3.71 from $3.50, FY2027 to $3.89 from $3.64, and FY2028 to $3.99 from $3.69. Quarterly estimates for Q2 2026, Q3 2026, Q4 2026 and Q1 2027 were also increased, indicating improved expectations for earnings momentum.
• Positive Sentiment: Several firms raised their price targets: BMO Capital Markets to C$99 from C$94 with an “outperform” rating; National Bank Financial to C$103 from C$102 with an “outperform” rating; Barclays to C$102 from C$100 with an “overweight” rating; RBC to C$106 from C$104 with an “outperform” rating; and ATB Cormark to C$100 from C$98 with a “sector perform” rating. These revisions suggest analysts see additional upside from recent levels. Analyst rating changes
• Neutral Sentiment: TD lifted its price target to C$102 from C$100 but maintained a “hold” rating, signaling that the firm sees valuation support and moderate upside without sufficient conviction for a more bullish recommendation. TD analyst rating change

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.