TC Energy (TSE:TRP) Given New C$74.00 Price Target at Raymond James Financial

TC Energy (TSE:TRP) (NYSE:TRP) had its target price lifted by Raymond James Financial from C$71.00 to C$74.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Other equities research analysts also recently issued research reports about the company. TD Securities cut their price objective on TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce upped their target price on TC Energy from C$78.00 to C$81.00 in a report on Wednesday, December 17th. National Bank Financial increased their price target on 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. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Finally, Scotiabank upped their price objective on shares of TC Energy from C$81.00 to C$86.00 in a research note on Friday, January 16th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus target price of C$84.00.

TC Energy Price Performance

Shares of TSE TRP opened at C$84.91 on Tuesday. TC Energy has a twelve month low of C$62.17 and a twelve month high of C$86.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The firm has a 50-day moving average of C$77.53 and a two-hundred day moving average of C$74.49. The company has a market capitalization 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.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results 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 net margin of 32.39% and a return on equity of 17.25%. As a group, analysts expect that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Key Headlines Impacting TC Energy

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.