TC Energy Co. (TSE:TRP) Given Average Rating of “Hold” by Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$84.00.

TRP has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Tuesday. Scotiabank upped their price target on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group raised their price objective on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$73.00 to C$83.00 in a report on Friday, November 7th. Finally, Canadian Imperial Bank of Commerce downgraded shares of TC Energy from an “outperform” rating to a “hold” rating and lifted their price target for the company from C$81.00 to C$85.00 in a research report on Tuesday.

TC Energy Stock Performance

TC Energy stock opened at C$85.63 on Friday. The stock has a market cap of C$89.13 billion, a PE ratio of 26.19, a P/E/G ratio of 1.69 and a beta of 0.86. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. TC Energy has a 12-month low of C$62.17 and a 12-month high of C$86.97. The business’s 50-day moving average price is C$77.95 and its two-hundred day moving average price is C$74.64.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The firm had revenue of C$4.17 billion for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. As a group, analysts expect 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.