TC Energy (TSE:TRP) Given a C$98.00 Price Target at TD

TC Energy (TSE:TRP) (NYSE:TRP) received a C$98.00 price objective from investment analysts at TD in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price would indicate a potential downside of 1.94% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. ATB Cormark Capital Markets increased their price objective on TC Energy from C$82.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research note on Wednesday, June 10th. Canadian Imperial Bank of Commerce raised their price target on shares of TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of TC Energy from C$92.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, National Bank Financial increased their target price on shares of TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$89.86.

TC Energy Stock Up 1.3%

TSE TRP traded up C$1.27 on Thursday, reaching C$99.94. The company had a trading volume of 3,054,502 shares, compared to its average volume of 5,103,086. The company’s fifty day moving average is C$91.94 and its 200-day moving average is C$85.24. The firm has a market capitalization of C$104.11 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70. The company has a debt-to-equity ratio of 224.52, a quick ratio of 0.40 and a current ratio of 0.65. TC Energy has a 1-year low of C$63.34 and a 1-year high of C$99.94.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$3.86 billion for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%. On average, research analysts forecast that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Company insiders own 0.03% of the company’s stock.

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.