TC Energy (TSE:TRP) PT Raised to C$78.00

TC Energy (TSE:TRPGet Rating) (NYSE:TRP) had its target price upped by investment analysts at Scotiabank from C$72.00 to C$78.00 in a research report issued on Wednesday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 7.66% from the company’s previous close.

TRP has been the topic of a number of other research reports. Royal Bank of Canada set a C$72.00 target price on TC Energy and gave the company an “outperform” rating in a research report on Wednesday, February 16th. CSFB lifted their target price on TC Energy from C$74.00 to C$80.00 in a research report on Monday. CIBC cut TC Energy from an “outperform” rating to a “hold” rating and set a C$69.00 target price on the stock. in a research report on Wednesday, February 16th. Industrial Alliance Securities upgraded TC Energy to a “buy” rating and set a C$74.00 price target on the stock in a report on Monday, April 4th. Finally, Tudor Pickering boosted their price target on TC Energy to C$65.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and a consensus price target of C$69.29.

TRP stock opened at C$72.45 on Wednesday. The company has a market cap of C$71.09 billion and a PE ratio of 38.95. The business has a 50-day simple moving average of C$69.57 and a 200 day simple moving average of C$64.84. TC Energy has a 52 week low of C$57.71 and a 52 week high of C$74.39. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 159.34.

TC Energy (TSE:TRPGet Rating) (NYSE:TRP) last released its earnings results on Tuesday, February 15th. The company reported C$1.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$1.06. The business had revenue of C$3.58 billion during the quarter. On average, analysts anticipate that TC Energy will post 4.4699997 EPS for the current fiscal year.

In other TC Energy news, Senior Officer Joel E. Hunter sold 20,282 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of C$66.47, for a total value of C$1,348,158.74. Following the transaction, the insider now directly owns 8,660 shares of the company’s stock, valued at C$575,636.26. Also, Director Robert C. Jacobucci sold 8,417 shares of the business’s stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of C$67.00, for a total value of C$563,939.00. Following the completion of the transaction, the director now directly owns 6,360 shares in the company, valued at C$426,120. Over the last three months, insiders acquired 6,411 shares of company stock worth $443,372 and sold 128,831 shares worth $8,895,866.

TC Energy Company Profile (Get Rating)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 93,400 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.

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