TC Energy (TSE:TRP) Given New C$102.00 Price Target at TD

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by TD from C$100.00 to C$102.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also commented on TRP. Morgan Stanley lowered shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price for the company. in a report on Wednesday, June 10th. Royal Bank Of Canada increased their price target on TC Energy from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial raised their price target on TC Energy from C$102.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays lifted their price objective on TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce increased their target price on TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$94.64.

TC Energy Stock Down 1.0%

Shares of TSE:TRP opened at C$94.40 on Friday. TC Energy has a one year low of C$64.91 and a one year high of C$100.18. The company has a 50 day moving average of C$96.12 and a 200-day moving average of C$89.17. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The stock has a market cap of C$98.34 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.69 and a beta of 0.69.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The business had revenue of C$3.96 billion during the quarter. On average, sell-side analysts forecast that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Activity

In other news, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. Insiders own 0.03% of the company’s stock.

More TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy reported second-quarter revenue of C$3.96 billion and earnings of C$0.94 per share, with coverage describing the results as a beat. The company also approved approximately $500 million in pipeline expansion projects, supporting potential long-term growth. TC Energy posts Q2 earnings beat and approves $500 million in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy EPS forecasts across multiple periods, including FY2026 to $3.71 from $3.50, FY2027 to $3.89 from $3.64, and FY2028 to $3.99 from $3.69. Quarterly estimates for Q2 2026, Q3 2026, Q4 2026 and Q1 2027 were also increased, indicating improved expectations for earnings momentum.
• Positive Sentiment: Several firms raised their price targets: BMO Capital Markets to C$99 from C$94 with an “outperform” rating; National Bank Financial to C$103 from C$102 with an “outperform” rating; Barclays to C$102 from C$100 with an “overweight” rating; RBC to C$106 from C$104 with an “outperform” rating; and ATB Cormark to C$100 from C$98 with a “sector perform” rating. These revisions suggest analysts see additional upside from recent levels. Analyst rating changes
• Neutral Sentiment: TD lifted its price target to C$102 from C$100 but maintained a “hold” rating, signaling that the firm sees valuation support and moderate upside without sufficient conviction for a more bullish recommendation. TD analyst rating change

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.