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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus rating of “Hold” by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$90.21.

A number of research firms have commented on TRP. Canadian Imperial Bank of Commerce raised their price objective on TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Barclays boosted their price target on TC Energy from C$88.00 to C$92.00 in a research note on Monday, May 4th. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a research note on Wednesday, June 10th. Royal Bank Of Canada increased their price objective on shares of TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Raymond James Financial raised their target price on shares of TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th.

Insider Activity at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. Company insiders own 0.03% of the company’s stock.

TC Energy Price Performance

Shares of TRP opened at C$95.37 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. TC Energy has a 12 month low of C$64.04 and a 12 month high of C$100.18. The firm’s 50 day moving average is C$94.88 and its 200-day moving average is C$87.04. The stock has a market capitalization of C$99.35 billion, a PE ratio of 29.90, a P/E/G ratio of 1.69 and a beta of 0.69.

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

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.