TC Energy (TSE:TRP) Given a C$73.00 Price Target by TD Securities Analysts

TC Energy (TSE:TRP) (NYSE:TRP) received a C$73.00 target price from research analysts at TD Securities in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 8.36% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. BMO Capital Markets boosted their price objective on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Scotiabank boosted their target price on TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. ATB Capital upped their price objective on TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Finally, UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$71.62.

TC Energy Price Performance

Shares of TC Energy stock traded up C$0.83 during trading hours on Wednesday, hitting C$67.37. The company’s stock had a trading volume of 789,883 shares, compared to its average volume of 5,604,949. TC Energy has a 12-month low of C$43.83 and a 12-month high of C$70.32. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The business has a 50 day moving average price of C$67.62 and a two-hundred day moving average price of C$62.66. The company has a market cap of C$70.06 billion, a PE ratio of 20.35, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Analysts expect that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lindsay Mackay sold 3,520 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00. Also, Director Trevor Ebl sold 9,554 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$68.48, for a total value of C$654,219.70. Over the last ninety days, insiders have sold 420,911 shares of company stock worth $28,259,105. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.