TC Energy (TSE:TRP) Stock Price Expected to Rise, National Bank Financial Analyst Says

TC Energy (TSE:TRP) (NYSE:TRP) had its target price hoisted by research analysts at National Bank Financial from C$85.00 to C$86.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 1.33% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Scotiabank lifted their price target on TC Energy from C$81.00 to C$86.00 in a research report on Friday, January 16th. Royal Bank Of Canada upped their target price on shares of TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James Financial raised their price target on shares of TC Energy from C$71.00 to C$74.00 and gave the company a “market perform” rating in a research report on Tuesday. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and increased their target price for the company from C$73.00 to C$83.00 in a research note on Friday, November 7th. Finally, TD Securities dropped their price objective on TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average target price of C$84.00.

TC Energy Trading Down 1.9%

Shares of TRP traded down C$1.65 during trading hours on Tuesday, hitting C$84.87. The company had a trading volume of 2,107,940 shares, compared to its average volume of 4,875,110. The firm has a market cap of C$88.35 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.69 and a beta of 0.86. TC Energy has a 52-week low of C$62.17 and a 52-week high of C$86.97. The stock’s 50 day moving average price is C$77.33 and its 200 day moving average price is C$74.36. 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 announced its quarterly earnings results on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. The company had revenue of C$4.17 billion for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. On average, research analysts predict that TC Energy will post 3.5490515 EPS for the current 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.