TC Energy (TSE:TRP) Price Target Raised to C$81.00 at CIBC

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by CIBC from C$78.00 to C$81.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

TRP has been the subject of a number of other research reports. Cibc Captl Mkts raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. US Capital Advisors downgraded shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Royal Bank Of Canada raised their target price on shares of TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. Raymond James Financial boosted their target price on shares of TC Energy from C$70.00 to C$72.00 in a research note on Monday, November 10th. Finally, Barclays increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.40.

TC Energy Trading Up 0.9%

Shares of TRP stock opened at C$74.46 on Wednesday. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$77.73. The stock’s fifty day moving average price is C$73.94 and its two-hundred day moving average price is C$70.82. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The company has a market cap of C$77.51 billion, a PE ratio of 22.77, a P/E/G ratio of 1.69 and a beta of 0.90.

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