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

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$96.29.

A number of research firms have issued reports on TRP. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Barclays lifted their price objective 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. Scotiabank set a C$105.00 price objective on TC Energy and gave the stock a “sector outperform” rating in a research report on Tuesday, September 22nd. ATB Cormark Capital Markets boosted their price objective 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. Finally, Jefferies Financial Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st.

TC Energy Trading Up 1.3%

TSE:TRP opened at C$86.85 on Wednesday. The firm has a market cap of C$90.48 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.74. The stock has a fifty day moving average price of C$85.86 and a 200 day moving average price of C$90.35. TC Energy has a 12-month low of C$69.41 and a 12-month high of C$100.18. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63.

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. TC Energy had a return on equity of 13.07% and a net margin of 22.46%. The firm had revenue of C$3.96 billion during the quarter. Sell-side analysts anticipate that TC Energy will post 3.55 earnings per share for the current fiscal year.

TC Energy Company Profile

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.