TC Energy (TSE:TRP) Stock Gets Price Target Boost from Citigroup

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by stock analysts at Citigroup from C$95.00 to C$101.00 in a note issued to investors on Friday, BayStreet reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s target price would indicate a potential upside of 9.41% from the company’s previous close.

Several other brokerages have also recently weighed in on TRP. Barclays upped their price target on shares of TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. ATB Cormark Capital Markets increased their target price on TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Royal Bank Of Canada upgraded TC Energy to a “moderate buy” rating in a report on Friday, September 11th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Finally, BMO Capital Markets upped their price objective on TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$96.71.

TC Energy Stock Up 0.3%

Shares of TRP stock traded up C$0.27 during mid-day trading on Friday, hitting C$92.31. The stock had a trading volume of 2,048,118 shares, compared to its average volume of 4,936,544. TC Energy has a 12-month low of C$72.97 and a 12-month high of C$100.18. The firm has a market capitalization of C$96.17 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm’s 50-day moving average is C$86.56 and its two-hundred day moving average is C$89.07. The company has a debt-to-equity ratio of 226.38, a current ratio of 0.57 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$0.94 EPS for the quarter. TC Energy had a return on equity of 14.53% and a net margin of 24.57%. The firm had revenue of C$4.03 billion for the quarter. On average, analysts predict that TC Energy will post 3.55 earnings per share 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.