TC Energy Co. (TSE:TRP) Receives Average Recommendation of “Moderate Buy” from Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$78.20.

TRP has been the subject of several analyst reports. TD Securities reduced their price objective on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Raymond James Financial raised their price target on TC Energy from C$70.00 to C$72.00 in a report on Monday, November 10th. US Capital Advisors lowered TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Jefferies Financial Group increased their price objective on TC Energy from C$73.00 to C$74.00 in a report on Tuesday, November 11th. Finally, Scotiabank raised their target price on TC Energy from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th.

TC Energy Trading Down 0.4%

Shares of TRP opened at C$75.50 on Friday. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$77.73. The business has a 50-day moving average of C$73.93 and a 200 day moving average of C$70.28. The firm has a market cap of C$78.60 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The firm had revenue of C$3.70 billion during the quarter. As a group, research analysts forecast that TC Energy will post 3.5490515 EPS for the current 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.