National Bankshares Raises TC Energy (TSE:TRP) Price Target to C$85.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by National Bankshares from C$76.00 to C$85.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 14.03% from the company’s previous close.

A number of other research analysts also recently weighed in on TRP. US Capital Advisors downgraded shares of TC Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 21st. Cibc Captl Mkts raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Citigroup set a C$75.00 price target on TC Energy and gave the stock a “neutral” rating in a research report on Friday, September 5th. CIBC upgraded TC Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$77.00 to C$78.00 in a research note on Friday, November 7th. Finally, Royal Bank Of Canada raised their price objective on TC Energy from C$74.00 to C$84.00 in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$79.40.

TC Energy Stock Up 1.0%

TRP traded up C$0.71 during trading on Wednesday, reaching C$74.54. 604,693 shares of the stock traded hands, compared to its average volume of 5,739,302. The stock’s 50-day simple moving average is C$73.96 and its two-hundred day simple moving average is C$70.80. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$77.73. The stock has a market cap of C$77.60 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share for the quarter. The company had revenue of C$3.70 billion during the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. As a group, equities research analysts expect that TC Energy will post 3.5490515 EPS for the current year.

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.