TC Energy (TSE:TRP) Given New C$92.00 Price Target at Royal Bank Of Canada

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective upped by Royal Bank Of Canada from C$84.00 to C$92.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. TD Securities decreased their target price 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. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and increased their target price for the company from C$73.00 to C$83.00 in a research note on Friday, November 7th. Raymond James Financial boosted their price target on TC Energy from C$71.00 to C$74.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, National Bank Financial increased their price objective on shares of 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. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average price target of C$84.00.

TC Energy Stock Down 1.9%

TRP opened at C$84.91 on Tuesday. TC Energy has a 1 year low of C$62.17 and a 1 year high of C$86.97. The firm has a 50 day moving average price of C$77.53 and a 200 day moving average price of C$74.49. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The company has a market cap of C$88.39 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.86.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly 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. Sell-side analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

TC Energy News Summary

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.