TC Energy (TSE:TRP) Price Target Raised to C$81.00

by · The Cerbat Gem

TC Energy (TSE:TRP – Free Report) (NYSE:TRP) had its price objective increased by CIBC from C$78.00 to C$81.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. National Bankshares boosted their price objective on shares of TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. US Capital Advisors lowered TC Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 21st. Jefferies Financial Group raised their price objective on TC Energy from C$73.00 to C$74.00 in a research note on Tuesday, November 11th. Finally, BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and upped their target price for the company from C$73.00 to C$83.00 in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$79.40.

Check Out Our Latest Stock Report on TRP

TC Energy Stock Performance

Shares of TC Energy stock opened at C$74.97 on Wednesday. The firm has a market capitalization of C$78.04 billion, a P/E ratio of 22.93, a PEG ratio of 1.69 and a beta of 0.90. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The company has a 50 day moving average price of C$73.97 and a 200 day moving average price of C$70.88. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$77.73.

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The company had revenue of C$3.70 billion for the quarter. Sell-side analysts expect that TC Energy will post 3.5490515 EPS for the current year.

About TC Energy

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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.

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