Jefferies Financial Group Increases TC Energy (TSE:TRP) Price Target to C$52.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by research analysts at Jefferies Financial Group from C$51.00 to C$52.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 1.07% from the company’s previous close.

Several other research firms also recently weighed in on TRP. Scotiabank raised their target price on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Barclays upped their target price on TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. CIBC boosted their price target on TC Energy from C$54.00 to C$55.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Stifel Nicolaus set a C$61.00 price objective on TC Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, TD Securities lifted their price objective on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TC Energy currently has an average rating of “Hold” and a consensus price target of C$54.50.

TC Energy Price Performance

Shares of TSE:TRP opened at C$51.45 on Monday. The firm has a market capitalization of C$53.51 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. The company has a debt-to-equity ratio of 162.75, a current ratio of 0.94 and a quick ratio of 0.40. The business’s 50 day simple moving average is C$52.29 and its 200-day simple moving average is C$51.75. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$56.75.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. TC Energy had a return on equity of 8.37% and a net margin of 17.24%. The company had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion. As a group, equities analysts forecast that TC Energy will post 4.192339 earnings per share for the current fiscal year.

Insider Transactions at TC Energy

In other news, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of TC Energy stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of C$55.04 per share, for a total transaction of C$143,104.00. In other TC Energy news, Director Alexis A.J. Hudy acquired 875 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of C$54.97 per share, with a total value of C$48,098.75. Following the completion of the transaction, the director now directly owns 875 shares of the company’s stock, valued at C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of TC Energy stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of C$55.04 per share, for a total transaction of C$143,104.00. Insiders bought a total of 4,526 shares of company stock worth $248,609 in the last ninety days. Insiders own 0.04% of the company’s stock.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers 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.