TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$94.64.

A number of brokerages have recently weighed in on TRP. BMO Capital Markets increased their price target on 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. Morgan Stanley downgraded TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective for the company. in a research note on Wednesday, June 10th. ATB Cormark Capital Markets increased their target price on TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Barclays raised their target price on TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada upped their price target on shares of TC Energy from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st.

Insider Transactions at TC Energy

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Insiders own 0.03% of the company’s stock.

TC Energy Trading Up 0.1%

TSE TRP opened at C$89.56 on Friday. TC Energy has a one year low of C$67.82 and a one year high of C$100.18. The company has a 50-day simple moving average of C$95.82 and a 200-day simple moving average of C$89.70. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a market capitalization of C$93.30 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The firm had revenue of C$3.96 billion for the quarter. On average, equities analysts forecast that TC Energy will post 3.5490515 earnings per share 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.