TC Energy (TSE:TRP) Hits New 52-Week High – Still a Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares reached a new 52-week high on Tuesday . The stock traded as high as C$87.18 and last traded at C$86.98, with a volume of 148874 shares traded. The stock had previously closed at C$86.50.

Analyst Ratings Changes

TRP has been the subject of a number of recent analyst reports. TD Securities lowered TC Energy from a “buy” rating to a “hold” rating and increased their price target for the company from C$84.00 to C$88.00 in a research report on Tuesday, February 17th. Scotiabank boosted their price target on shares of TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. National Bank Financial raised their price objective on shares of TC Energy from C$85.00 to C$86.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. ATB Cormark Capital Markets lifted their price objective on shares of TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and increased their target price for the company from C$73.00 to C$83.00 in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$84.00.

TC Energy Trading Up 0.1%

The company has a 50 day moving average of C$78.38 and a 200 day moving average of C$74.99. The firm has a market cap of C$90.13 billion, a P/E ratio of 26.48, a PEG ratio of 1.69 and a beta of 0.86. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The company had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. Analysts predict that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

About TC Energy

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.