National Bank Financial Boosts TC Energy (TSE:TRP) Price Target to C$102.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by stock analysts at National Bank Financial from C$92.00 to C$102.00 in a note issued to investors on Monday,BayStreet.CA reports. National Bank Financial’s target price points to a potential upside of 11.01% from the company’s previous close.

TRP has been the subject of several other reports. Citigroup lifted their price objective on TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Barclays lifted their price objective on TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a research report on Sunday, April 19th. ATB Cormark Capital Markets lifted their price objective on TC Energy from C$82.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Finally, Scotiabank lifted their price objective on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$88.85.

TC Energy Trading Up 0.0%

TRP traded up C$0.02 during midday trading on Monday, hitting C$91.88. 673,633 shares of the company were exchanged, compared to its average volume of 5,265,079. The firm has a market capitalization of C$95.72 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.69 and a beta of 0.76. TC Energy has a 1-year low of C$63.34 and a 1-year high of C$98.62. The firm’s 50 day moving average price is C$89.01 and its 200-day moving average price is C$82.71. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52.

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

Insider Transactions at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Dawn Elizabeth De Lima sold 25,342 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the completion of the sale, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. The trade was a 57.82% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

About TC Energy

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.