TC Energy Co. (TSE:TRP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$80.00.

Several research firms recently issued reports on TRP. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Royal Bank Of Canada lifted their price target on TC Energy from C$74.00 to C$84.00 in a research note on Friday, November 7th. Jefferies Financial Group increased their price objective on TC Energy from C$73.00 to C$74.00 in a research note on Tuesday, November 11th. TD Securities lowered their target price on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Cibc World Mkts lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th.

TC Energy Price Performance

TC Energy stock opened at C$76.41 on Monday. The stock has a market capitalization of C$79.54 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.69 and a beta of 0.84. The company’s fifty day moving average price is C$75.61 and its 200 day moving average price is C$72.17. 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 has a 1 year low of C$62.17 and a 1 year high of C$77.76.

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