TC Energy Co. (TSE:TRP) Stock 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 analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$96.71.

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada upgraded shares of TC Energy to a “moderate buy” rating in a research report on Friday, September 11th. TD upgraded shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 target price on the stock in a report on Tuesday, September 15th. Barclays boosted their target price on shares of TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a report on Friday, July 31st. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group upgraded TC Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from C$100.00 to C$102.00 in a report on Tuesday, September 1st.

TC Energy Trading Up 0.3%

TSE TRP traded up C$0.27 during trading hours on Friday, reaching C$92.31. The company’s stock had a trading volume of 2,048,118 shares, compared to its average volume of 4,936,544. The firm has a fifty day simple moving average of C$86.56 and a 200-day simple moving average of C$89.07. The stock has a market cap of C$96.17 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 52 week low of C$72.97 and a 52 week high of C$100.18. The company has a debt-to-equity ratio of 226.38, a current ratio of 0.57 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$4.03 billion during the quarter. TC Energy had a net margin of 24.57% and a return on equity of 14.53%. Equities analysts forecast that TC Energy will post 3.55 earnings per share for the current fiscal 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.