National Bank Financial Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective increased by National Bank Financial from C$85.00 to C$86.00 in a research note published on Tuesday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada lifted their price objective on TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group upped their target price on shares of TC Energy from C$74.00 to C$80.00 in a report on Wednesday, February 4th. Raymond James Financial increased their target price on shares of TC Energy from C$71.00 to C$74.00 and gave the company a “market perform” rating in a research report on Tuesday. TD Securities lowered their price target on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Scotiabank increased their price objective on shares of TC Energy from C$81.00 to C$86.00 in a report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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 fifty-two week low of C$62.17 and a fifty-two week high of C$86.97. 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 stock 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. The company has a fifty day moving average of C$77.53 and a two-hundred day moving average of C$74.49.

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 return on equity of 17.25% and a net margin of 32.39%.The firm had revenue of C$4.17 billion during the quarter. On average, research analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Key TC Energy News

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.