TC Energy (TSE:TRP) Price Target Raised to C$80.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by research analysts at Jefferies Financial Group from C$74.00 to C$80.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential downside of 0.99% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Raymond James Financial upped their price target on TC Energy from C$70.00 to C$72.00 in a research note on Monday, November 10th. BMO Capital Markets raised TC Energy from a “hold” rating to an “outperform” rating and increased their price target for the company from C$73.00 to C$83.00 in a research note on Friday, November 7th. Cibc World Mkts cut TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. National Bankshares increased their target price on TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, CIBC raised their target price on TC Energy from C$78.00 to C$81.00 in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$80.60.

TC Energy Price Performance

TRP traded down C$0.17 during trading on Wednesday, hitting C$80.80. The company’s stock had a trading volume of 809,045 shares, compared to its average volume of 5,576,000. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The stock has a market capitalization of C$84.11 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.86. The firm’s 50 day moving average price is C$76.01 and its two-hundred day moving average price is C$73.23. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$81.80.

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

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.