TC Energy (TSE:TRP) Given a C$98.00 Price Target by TD Analysts

TC Energy (TSE:TRP) (NYSE:TRP) has been assigned a C$98.00 price target by stock analysts at TD in a report released on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price target suggests a potential downside of 1.94% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. ATB Cormark Capital Markets upped their price objective on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. Citigroup boosted their target price on TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Barclays increased their price target on shares of TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective on the stock in a research note on Sunday, April 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of TC Energy from C$92.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and nine 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 target price of C$89.86.

TC Energy Trading Up 1.3%

TSE TRP traded up C$1.27 during trading hours on Thursday, hitting C$99.94. The company’s stock had a trading volume of 3,054,502 shares, compared to its average volume of 5,103,086. TC Energy has a twelve month low of C$63.34 and a twelve month high of C$99.94. The firm has a market capitalization of C$104.11 billion, a P/E ratio of 31.33, a PEG ratio of 1.69 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. The stock has a fifty day moving average of C$91.94 and a 200 day moving average of C$85.24.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. The firm had revenue of C$3.86 billion during the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. Equities research analysts forecast that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Activity

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is owned by company 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.