Royal Bank Of Canada Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price target increased by Royal Bank Of Canada from C$104.00 to C$106.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also commented on the company. TD set a C$98.00 price objective on TC Energy and gave the stock a “hold” rating in a research report on Thursday, June 25th. ATB Cormark Capital Markets increased their price target on shares of TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday. Canadian Imperial Bank of Commerce raised their price target on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. BMO Capital Markets boosted 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 report on Friday. Finally, The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective on the stock in a research note on Sunday, April 19th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$94.64.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$94.40 on Friday. The stock has a market cap of C$98.34 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. The business has a fifty day simple moving average of C$96.12 and a 200-day simple moving average of C$89.17. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. TC Energy has a 12 month low of C$64.91 and a 12 month high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The business 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, sell-side analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Buying and Selling

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total value of C$147,585.00. 0.03% of the stock is currently owned by company insiders.

Key Headlines Impacting TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy reported second-quarter revenue of C$3.96 billion and earnings of C$0.94 per share, with coverage describing the results as a beat. The company also approved approximately $500 million in pipeline expansion projects, supporting potential long-term growth. TC Energy posts Q2 earnings beat and approves $500 million in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy EPS forecasts across multiple periods, including FY2026 to $3.71 from $3.50, FY2027 to $3.89 from $3.64, and FY2028 to $3.99 from $3.69. Quarterly estimates for Q2 2026, Q3 2026, Q4 2026 and Q1 2027 were also increased, indicating improved expectations for earnings momentum.
• Positive Sentiment: Several firms raised their price targets: BMO Capital Markets to C$99 from C$94 with an “outperform” rating; National Bank Financial to C$103 from C$102 with an “outperform” rating; Barclays to C$102 from C$100 with an “overweight” rating; RBC to C$106 from C$104 with an “outperform” rating; and ATB Cormark to C$100 from C$98 with a “sector perform” rating. These revisions suggest analysts see additional upside from recent levels. Analyst rating changes
• Neutral Sentiment: TD lifted its price target to C$102 from C$100 but maintained a “hold” rating, signaling that the firm sees valuation support and moderate upside without sufficient conviction for a more bullish recommendation. TD analyst rating change

TC Energy Company Profile

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.