Brokerages Set TC Energy Co. (TSE:TRP) Target Price at C$80.60

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$80.60.

TRP has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on TC Energy from C$74.00 to C$84.00 in a research note on Friday, November 7th. National Bank Financial boosted their price target on TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Raymond James Financial raised their price objective on shares of TC Energy from C$70.00 to C$72.00 in a research report on Monday, November 10th. Canadian Imperial Bank of Commerce boosted their target price on shares of TC Energy from C$78.00 to C$81.00 in a research report on Wednesday, December 17th. Finally, TD Securities reduced their price target on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a report on Friday, November 7th.

TC Energy Trading Up 3.5%

TSE:TRP opened at C$86.52 on Friday. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$86.97. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The firm’s fifty day moving average is C$77.11 and its 200-day moving average is C$74.22. The firm has a market cap of C$90.07 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.69 and a beta of 0.86.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. The business had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. Equities analysts expect that TC Energy will post 3.5490515 earnings per share 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.