TC Energy (TSE:TRP) Lowered to “Hold” Rating by TD Securities

TD Securities lowered shares of TC Energy (TSE:TRP) (NYSE:TRP) from a buy rating to a hold rating in a research report report published on Tuesday,BayStreet.CA reports. TD Securities currently has C$88.00 target price on the stock, up from their prior target price of C$84.00.

Other equities research analysts also recently issued reports about the company. National Bank Financial upped their price objective on TC Energy from C$85.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Tuesday. 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 report on Tuesday. Jefferies Financial Group raised their price target on TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce cut shares of TC Energy from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$81.00 to C$85.00 in a research report on Tuesday. Finally, BMO Capital Markets upgraded shares of TC Energy from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$84.00.

TC Energy Price Performance

TRP stock opened at C$84.91 on Tuesday. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$86.97. The firm has a market capitalization of C$88.39 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.86. The company has a fifty day simple moving average of C$77.53 and a two-hundred day simple moving average of C$74.49. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

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

TC Energy News Roundup

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

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.