TC Energy Co. (TRP.TO) – What Are Analysts Saying About This Stock?

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$96.29.

TRP has been the topic of a number of research analyst reports. TD raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 target price on the stock in a report on Tuesday, September 15th. Jefferies Financial Group upgraded TC Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. National Bank Financial raised their price objective on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. TD Securities upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Finally, Barclays boosted their target price on TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a report on Friday, July 31st.

TC Energy Stock Up 0.8%

Shares of TSE:TRP opened at C$88.27 on Wednesday. The company has a 50 day moving average price of C$85.81 and a two-hundred day moving average price of C$88.18. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market capitalization of C$91.96 billion, a PE ratio of 26.43, a PEG ratio of 1.69 and a beta of 0.74. TC Energy has a 52 week low of C$69.41 and a 52 week high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The business had revenue of C$3.96 billion for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%. Analysts forecast that TC Energy will post 3.55 earnings per share for the current year.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.