Analysts Set TC Energy Co. (TSE:TRP) Target Price at C$90.21

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$90.79.

Several brokerages recently issued reports on TRP. Royal Bank Of Canada upped their price target on TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Morgan Stanley cut 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. ATB Cormark Capital Markets upped their target price on shares of TC Energy from C$87.00 to C$92.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce increased their target price on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Finally, The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price target on the stock in a research report on Sunday, April 19th.

Insider Transactions at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of the 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 TC Energy stock in a transaction 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. Corporate insiders own 0.03% of the company’s stock.

TC Energy Stock Performance

TRP opened at C$97.79 on Monday. TC Energy has a 1-year low of C$64.04 and a 1-year high of C$100.18. The company has a market cap of C$101.87 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.69 and a beta of 0.69. The company’s fifty day moving average price is C$95.63 and its two-hundred day moving average price is C$87.69. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. The business had revenue of C$3.86 billion for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. On average, analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.