TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$78.20.

Several equities research analysts have issued reports on TRP shares. Cibc Captl Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Cibc World Mkts downgraded shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. US Capital Advisors lowered shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 21st. Royal Bank Of Canada raised their price target on TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. Finally, BMO Capital Markets raised TC Energy from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$73.00 to C$83.00 in a research note on Friday, November 7th.

TC Energy Price Performance

TSE:TRP opened at C$75.50 on Friday. The firm has a market capitalization of C$78.60 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The stock has a fifty day moving average of C$73.93 and a 200 day moving average of C$70.28. TC Energy has a 52-week low of C$62.17 and a 52-week high of C$77.73.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The firm had revenue of C$3.70 billion during the quarter. On average, research analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

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.