TC Energy Co. (TSE:TRP) Receives C$84.00 Average Target Price from Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned an average recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$84.00.

A number of research firms recently weighed in on TRP. Jefferies Financial Group upped their target price on shares of TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. National Bank Financial lifted their price objective on TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Scotiabank upped their price objective on TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Raymond James Financial increased their target price on TC Energy from C$71.00 to C$74.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets raised their target price on TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th.

TC Energy Stock Performance

Shares of TSE TRP opened at C$86.09 on Tuesday. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$89.68. The company has a market cap of C$89.61 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.69 and a beta of 0.83. The business’s 50 day moving average is C$81.33 and its two-hundred day moving average is C$76.44. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 223.25.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%.The company had revenue of C$4.17 billion during the quarter. On average, equities analysts expect 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.