TC Energy (TSE:TRP) Given New C$86.00 Price Target at National Bank Financial

TC Energy (TSE:TRP) (NYSE:TRP) had its price target increased by research analysts at National Bank Financial from C$85.00 to C$86.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 1.33% from the company’s previous close.

TRP has been the subject of a number of other research reports. Jefferies Financial Group raised their price target on shares of TC Energy from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. BMO Capital Markets raised TC Energy from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$73.00 to C$83.00 in a research note on Friday, November 7th. Scotiabank raised their price objective on TC Energy from C$81.00 to C$86.00 in a research note on Friday, January 16th. Canadian Imperial Bank of Commerce downgraded shares of TC Energy from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$81.00 to C$85.00 in a research report on Tuesday. Finally, Raymond James Financial lifted their price objective on shares of TC Energy from C$71.00 to C$74.00 and gave the company a “market perform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$84.00.

TC Energy Stock Performance

TC Energy stock traded down C$1.65 during mid-day trading on Tuesday, reaching C$84.87. The company’s stock had a trading volume of 2,107,940 shares, compared to its average volume of 4,875,110. The firm has a market cap of C$88.35 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.69 and a beta of 0.86. 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 business has a 50 day moving average price of C$77.33 and a 200-day moving average price of C$74.36.

TC Energy (TSE:TRP) (NYSE:TRP) last released its 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 business had revenue of C$4.17 billion for the quarter. Sell-side analysts predict that TC Energy will post 3.5490515 EPS 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.