TC Energy Co. (TSE:TRP) Receives C$80.00 Average PT from Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$80.00.

A number of analysts recently commented on the company. Barclays increased their price objective on TC Energy from C$75.00 to C$80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. National Bankshares upped their target price on shares of TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Royal Bank Of Canada raised their price target on shares of TC Energy from C$74.00 to C$84.00 in a research note on Friday, November 7th. Cibc Captl Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, CIBC boosted their price objective on shares of TC Energy from C$78.00 to C$81.00 in a research report on Wednesday, December 17th.

TC Energy Trading Down 0.6%

TSE:TRP opened at C$74.63 on Monday. The firm has a market cap of C$77.69 billion, a P/E ratio of 22.82, a PEG ratio of 1.69 and a beta of 0.84. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy has a 12-month low of C$62.17 and a 12-month high of C$77.76. The stock’s 50 day simple moving average is C$75.60 and its 200-day simple moving average is C$72.33.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.77 EPS for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The business had revenue of C$3.70 billion during the quarter. Equities analysts anticipate that TC Energy will post 3.5490515 EPS for the current 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.