TC Energy (TSE:TRP) Price Target Raised to C$80.00 at ATB Cormark Capital Markets

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by ATB Cormark Capital Markets from C$73.00 to C$80.00 in a report released on Tuesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

Other equities research analysts have also issued reports about the company. Raymond James Financial increased their price target on TC Energy from C$71.00 to C$74.00 and gave the company a “market perform” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce downgraded shares of TC Energy from an “outperform” rating to a “neutral” rating and increased their target price for the company from C$81.00 to C$85.00 in a report on Tuesday. BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and raised their price target for the company from C$73.00 to C$83.00 in a research report on Friday, November 7th. Scotiabank upped their price objective on shares of TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Jefferies Financial Group lifted their target price on shares of TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$84.00.

TC Energy Price Performance

Shares of TSE TRP opened at C$84.91 on Tuesday. The stock has a market cap of C$88.39 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.69 and a beta of 0.86. 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 fifty-two week low of C$62.17 and a fifty-two week high of C$86.97. The firm’s 50-day simple moving average is C$77.53 and its 200 day simple moving average is C$74.49.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.98 EPS for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The firm had revenue of C$4.17 billion during the quarter. As a group, research analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Key TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Scotiabank raised its price target to C$93.00 and kept an “outperform” rating, implying meaningful upside versus the current level. This is a bullish signal from a large Canadian bank. Scotiabank raise
• Positive Sentiment: Royal Bank of Canada lifted its target to C$92.00 and retained an “outperform” view, supporting the case for further upside. RBC raise
• Positive Sentiment: Jefferies raised its target to C$88.00 (from C$80.00), a modest upside signal that reinforces bullishness from another sell‑side shop. Jefferies raise
• Neutral Sentiment: National Bank Financial nudged its target to C$86.00 and kept a “sector perform” rating — effectively neutral given the very small implied upside. National Bank update
• Negative Sentiment: Raymond James raised its target only to C$74.00 and maintained a “market perform” rating — the target implies a notable downside versus the current share level and is a clear bearish datapoint. Raymond James raise
• Negative Sentiment: ATB Cormark lifted its target to C$80.00 but kept a “sector perform” view; the target still implies downside and is a headwind for sentiment. ATB Cormark update
• Negative Sentiment: Canadian Imperial Bank of Commerce downgraded TRP from “outperform” to “neutral” (PT C$85.00). Even though the target rose slightly, the rating cut is a negative signal for momentum. CIBC downgrade
• Negative Sentiment: TD Securities downgraded the stock from “buy” to “hold” (PT C$88.00). Rating downgrades tend to pressure sentiment even when targets tick higher. TD downgrade

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.