TC Energy Co. (TSE:TRP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$96.71.

A number of equities research analysts have recently weighed in on TRP shares. Scotiabank set a C$105.00 price target on shares of TC Energy and gave the company a “sector outperform” rating in a research note on Tuesday, September 22nd. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Citigroup increased their price objective on shares of TC Energy from C$95.00 to C$101.00 and gave the company a “neutral” rating in a research note on Friday. National Bank Financial raised their target price on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, TD Securities raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th.

TC Energy Price Performance

Shares of TC Energy stock traded up C$0.27 on Friday, reaching C$92.31. 2,048,118 shares of the stock were exchanged, compared to its average volume of 4,936,544. The company has a debt-to-equity ratio of 226.38, a quick ratio of 0.40 and a current ratio of 0.57. The firm has a market cap of C$96.17 billion, a PE ratio of 24.75, a P/E/G ratio of 1.69 and a beta of 0.82. The firm’s 50 day moving average is C$86.56 and its 200-day moving average is C$89.07. TC Energy has a one year low of C$72.97 and a one year high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, November 5th. The company reported C$0.94 earnings per share for the quarter. TC Energy had a return on equity of 14.53% and a net margin of 24.57%. The firm had revenue of C$4.03 billion for the quarter. As a group, analysts anticipate that TC Energy will post 3.55 EPS for the current fiscal year.

About TC Energy

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.