TC Energy (TSE:TRP) Price Target Raised to C$86.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective increased by National Bank Financial from C$85.00 to C$86.00 in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

TRP has been the subject of a number of other research reports. Royal Bank Of Canada lifted their target price on TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group raised their price target on shares of TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. TD Securities decreased their price objective on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Raymond James Financial increased their price objective on shares of TC Energy from C$71.00 to C$74.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and an average price target of C$84.00.

TC Energy Trading Up 1.4%

TSE:TRP opened at C$85.63 on Tuesday. The company has a market capitalization of C$89.13 billion, a P/E ratio of 26.19, a PEG ratio of 1.69 and a beta of 0.86. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$86.97. The firm has a fifty day simple moving average of C$77.95 and a 200-day simple moving average of C$74.64.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The firm had revenue of C$4.17 billion for the quarter. On average, equities research analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current 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.