National Bank Financial Boosts TC Energy (TSE:TRP) Price Target to C$102.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective upped by stock analysts at National Bank Financial from C$92.00 to C$102.00 in a research note issued to investors on Monday,BayStreet.CA reports. National Bank Financial’s target price would suggest a potential upside of 11.01% from the company’s previous close.

TRP has been the subject of a number of other reports. TD Securities lowered TC Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$84.00 to C$88.00 in a report on Tuesday, February 17th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price for the company in a report on Sunday, April 19th. TD upped their target price on TC Energy from C$90.00 to C$98.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Barclays upped their target price on TC Energy from C$88.00 to C$92.00 in a report on Monday, May 4th. Finally, Raymond James Financial upped their target price on TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, TC Energy has an average rating of “Hold” and an average price target of C$88.85.

TC Energy Stock Up 0.0%

TRP traded up C$0.02 during midday trading on Monday, reaching C$91.88. 673,633 shares of the company were exchanged, compared to its average volume of 5,265,079. The company has a debt-to-equity ratio of 224.52, a quick ratio of 0.40 and a current ratio of 0.65. The company’s fifty day moving average price is C$89.01 and its 200 day moving average price is C$82.71. The company has a market cap of C$95.72 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76. TC Energy has a one year low of C$63.34 and a one year high of C$98.62.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, May 1st. The company reported C$0.99 EPS for the quarter. The firm had revenue of C$3.86 billion during the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%. As a group, analysts expect that TC Energy will post 3.5490515 EPS for the current year.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction 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 Dawn Elizabeth De Lima sold 25,342 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the transaction, the insider owned 18,490 shares in the company, valued at approximately C$1,640,617.70. This trade represents a 57.82% decrease in their ownership of the stock. 0.03% of the stock is currently owned by company insiders.

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.