Analysts Set TC Energy Co. (TSE:TRP) Target Price at C$94.64

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$95.64.

TRP has been the topic of a number of research reports. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research report on Wednesday, June 10th. BMO Capital Markets increased their price objective on shares of TC Energy from C$94.00 to C$99.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$100.00 to C$102.00 in a report on Tuesday, September 1st. ATB Cormark Capital Markets boosted their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Finally, US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th.

Insider Activity at TC Energy

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. Insiders own 0.03% of the company’s stock.

TC Energy Price Performance

Shares of TRP stock opened at C$86.53 on Tuesday. TC Energy has a twelve month low of C$69.41 and a twelve month high of C$100.18. The stock has a market capitalization of C$90.14 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.69 and a beta of 0.68. The stock has a fifty day simple moving average of C$91.87 and a two-hundred day simple moving average of C$90.78. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. The firm had revenue of C$3.96 billion for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%. On average, analysts predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.