National Bankshares Forecasts Strong Price Appreciation for TC Energy (TSE:TRP) Stock

TC Energy (TSE:TRP) (NYSE:TRP) had its price target upped by research analysts at National Bankshares from C$76.00 to C$85.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 14.06% from the company’s current price.

A number of other equities analysts also recently issued reports on TRP. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$73.00 to C$83.00 in a research report on Friday, November 7th. Jefferies Financial Group increased their target price on shares of TC Energy from C$73.00 to C$74.00 in a research report on Tuesday, November 11th. Cibc World Mkts lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Cibc Captl Mkts raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Citigroup set a C$75.00 price objective on shares of TC Energy and gave the stock a “neutral” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$79.40.

TC Energy Price Performance

Shares of TSE:TRP opened at C$74.52 on Wednesday. The firm has a 50 day moving average of C$73.95 and a 200-day moving average of C$70.85. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$77.73. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The stock has a market capitalization of C$77.58 billion, a PE ratio of 22.79, a PEG ratio of 1.69 and a beta of 0.90.

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 company had revenue of C$3.70 billion for the quarter. On average, equities research analysts predict 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.