TC Energy (TSE:TRP) Given New C$79.00 Price Target at JPMorgan Chase & Co.

TC Energy (TSE:TRP) (NYSE:TRP) had its price target upped by equities researchers at JPMorgan Chase & Co. from C$70.00 to C$79.00 in a report released on Monday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 13.51% from the company’s previous close.

Other research analysts have also issued research reports about the company. National Bankshares boosted their price target on TC Energy from C$60.00 to C$70.00 in a research report on Friday, November 8th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from C$62.00 to C$78.00 in a research report on Friday, October 25th. ATB Capital upped their target price on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Finally, Scotiabank boosted their price target on TC Energy from C$68.00 to C$74.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average target price of C$67.62.

TC Energy Stock Down 0.5 %

TC Energy stock opened at C$69.60 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.24. The company has a fifty day simple moving average of C$64.60 and a 200 day simple moving average of C$58.62. The company has a market cap of C$72.38 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Research analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Activity at TC Energy

In other TC Energy news, Director Trevor Ebl sold 9,554 shares of TC Energy stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$68.48, for a total value of C$654,219.70. Also, Director Mark Yeomans sold 6,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95. Insiders sold 89,490 shares of company stock worth $5,749,355 in the last ninety days. 0.03% of the stock is owned by company insiders.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.