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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$80.60.

TRP has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. TD Securities cut their price target on TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a report on Friday, November 7th. Royal Bank Of Canada upped their price objective on shares of TC Energy from C$74.00 to C$84.00 in a report on Friday, November 7th. National Bank Financial increased their price objective on shares of TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of TC Energy from C$78.00 to C$81.00 in a research note on Wednesday, December 17th.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$83.59 on Friday. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$84.04. 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 stock has a market capitalization of C$87.02 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.69 and a beta of 0.86. The firm has a fifty day moving average of C$76.89 and a two-hundred day moving average of C$73.94.

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 for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The company had revenue of C$3.70 billion during the quarter. As a group, equities research analysts predict that TC Energy will post 3.5490515 EPS for the current 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.