TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$80.00.

TRP has been the topic of several research reports. Raymond James Financial raised their price target on shares of TC Energy from C$70.00 to C$72.00 in a research note on Monday, November 10th. National Bankshares raised their target price on shares of TC Energy from C$76.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. CIBC increased their price target on TC Energy from C$78.00 to C$81.00 in a report on Wednesday, December 17th. Jefferies Financial Group lifted their price objective on TC Energy from C$73.00 to C$74.00 in a research report on Tuesday, November 11th. Finally, Cibc Captl Mkts upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th.

TC Energy Stock Performance

TSE TRP opened at C$77.11 on Monday. The company has a market cap of C$80.27 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84. The stock’s 50 day simple moving average is C$75.58 and its 200-day simple moving average is C$72.44. TC Energy has a 1-year low of C$62.17 and a 1-year high of C$77.76. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.77 EPS for the quarter. The firm had revenue of C$3.70 billion during the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. As a group, equities research analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

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.