TC Energy Co. (TSE:TRP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$95.64.

A number of brokerages have recently commented on TRP. Scotiabank set a C$105.00 price objective on TC Energy and gave the company a “sector outperform” rating in a research report on Tuesday, September 22nd. Morgan Stanley lowered TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target on the stock. in a research note on Wednesday, June 10th. National Bank Financial lifted their price target on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a report on Friday, July 31st. TD raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 price objective for the company in a research note on Tuesday, September 15th. Finally, BMO Capital Markets raised their target price on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st.

TC Energy Stock Performance

Shares of TRP opened at C$82.39 on Friday. TC Energy has a 1 year low of C$69.41 and a 1 year high of C$100.18. The company’s 50 day simple moving average is C$87.99 and its 200 day simple moving average is C$90.56. The company has a market capitalization of C$85.83 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.69 and a beta of 0.68. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61.

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