Citigroup Raises TC Energy (TSE:TRP) Price Target to C$95.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by Citigroup from C$86.00 to C$95.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 10.12% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Jefferies Financial Group boosted their price target on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Raymond James Financial upped their price target on TC Energy from C$74.00 to C$78.00 in a report on Monday. ATB Cormark Capital Markets raised their price objective on TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, National Bank Financial lifted their price objective on TC Energy from C$85.00 to C$86.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average price target of C$86.18.

TC Energy Stock Performance

TRP stock traded down C$1.49 on Tuesday, reaching C$86.27. 8,353,136 shares of the company were exchanged, compared to its average volume of 5,369,012. The firm has a market capitalization of C$89.87 billion, a PE ratio of 26.38, a PEG ratio of 1.69 and a beta of 0.83. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$89.68. The stock’s fifty day moving average price is C$84.33 and its 200 day moving average price is C$77.90. The company has a debt-to-equity ratio of 223.25, a current ratio of 0.63 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$4.17 billion during the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. On average, research analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the sale, the insider owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. The trade was a 57.82% decrease in their ownership of the stock. 0.03% of the stock is currently owned by insiders.

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.