TC Energy (TSE:TRP) Hits New 52-Week High – Time to Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP)’s stock price hit a new 52-week high on Monday . The company traded as high as C$77.76 and last traded at C$74.75, with a volume of 4523645 shares traded. The stock had previously closed at C$76.85.

Analyst Ratings Changes

A number of research analysts recently commented on TRP shares. Cibc Captl Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Barclays boosted their price objective on TC Energy from C$75.00 to C$80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Jefferies Financial Group raised their target price on TC Energy from C$73.00 to C$74.00 in a research note on Tuesday, November 11th. Royal Bank Of Canada boosted their price target on shares of TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. Finally, National Bankshares lifted their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$79.40.

TC Energy Stock Down 2.0%

The business’s 50-day moving average price is C$74.95 and its 200-day moving average price is C$71.64. The firm has a market capitalization of C$77.76 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion during the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. As a group, equities research analysts predict that TC Energy Co. 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.