TC Energy (TSE:TRP) Price Target Raised to C$92.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price lifted by stock analysts at National Bank Financial from C$86.00 to C$92.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 2.22% from the company’s current price.

A number of other research analysts have also weighed in on TRP. TD Securities lowered TC Energy from a “buy” rating to a “hold” rating and raised their target price for the company from C$84.00 to C$88.00 in a report on Tuesday, February 17th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a research report on Sunday, April 19th. Scotiabank lifted their target price on TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised TC Energy from a “neutral” rating to a “sector outperform” rating and lifted their target price for the company from C$85.00 to C$89.00 in a research report on Thursday, April 23rd. Finally, ATB Cormark Capital Markets lifted their target price on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus target price of C$87.46.

TC Energy Stock Down 0.7%

TC Energy stock traded down C$0.63 during mid-day trading on Monday, reaching C$90.00. The stock had a trading volume of 1,053,579 shares, compared to its average volume of 5,771,738. The company has a debt-to-equity ratio of 224.52, a quick ratio of 0.40 and a current ratio of 0.65. TC Energy has a fifty-two week low of C$63.34 and a fifty-two week high of C$91.50. The stock’s 50-day simple moving average is C$86.66 and its 200-day simple moving average is C$79.81. The firm has a market capitalization of C$93.76 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, May 1st. The company reported C$0.99 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion during the quarter. On average, sell-side analysts forecast that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Activity

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of TC Energy stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the transaction, 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.

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.