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

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$94.64.

Several research analysts have issued reports on the company. National Bank Financial raised their target price on TC Energy from C$102.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of TC Energy from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a research note on Wednesday, June 10th. Canadian Imperial Bank of Commerce raised their price objective on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Finally, Scotiabank boosted their target price on shares of TC Energy from C$97.00 to C$105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st.

TC Energy Price Performance

TSE TRP opened at C$87.96 on Friday. The business’s fifty day moving average price is C$95.30 and its 200-day moving average price is C$90.15. The stock has a market capitalization of C$91.63 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.69 and a beta of 0.72. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. TC Energy has a 1-year low of C$69.41 and a 1-year high of C$100.18.

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

Insider Buying and Selling at TC Energy

In other news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. 0.03% of the stock is owned by corporate insiders.

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.