Raymond James Financial Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by Raymond James Financial from C$74.00 to C$78.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. National Bank Financial raised their target price on shares of TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded shares of TC Energy from an “outperform” rating to a “hold” rating and upped their price target for the company from C$81.00 to C$85.00 in a research note on Tuesday, February 17th. Jefferies Financial Group increased their price target on shares of TC Energy from C$80.00 to C$88.00 in a report on Tuesday, February 17th. ATB Cormark Capital Markets lifted their price target 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. Finally, 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 report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, TC Energy has a consensus rating of “Hold” and an average price target of C$84.36.

TC Energy Trading Down 0.4%

Shares of TC Energy stock opened at C$87.76 on Monday. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$89.68. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. The company has a market capitalization of C$91.42 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a fifty day moving average of C$84.33 and a 200 day moving average of C$77.90.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$4.17 billion for the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%. On average, sell-side analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of TC Energy stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the transaction, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their ownership of the stock. Corporate insiders own 0.03% of the company’s stock.

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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.