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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$80.60.

TRP has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their target price on shares of TC Energy from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. BMO Capital Markets upgraded shares of 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 report on Friday, November 7th. TD Securities cut their target price on TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada raised their target price on shares of TC Energy from C$74.00 to C$84.00 in a report on Friday, November 7th. Finally, Raymond James Financial raised their target price on TC Energy from C$70.00 to C$72.00 in a report on Monday, November 10th.

TC Energy Trading Up 1.1%

TRP opened at C$83.59 on Friday. The firm has a market capitalization of C$87.02 billion, a PE ratio of 25.56, a P/E/G ratio of 1.69 and a beta of 0.86. The company’s 50-day moving average is C$76.89 and its 200 day moving average is C$73.94. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$84.04. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

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 for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The company had revenue of C$3.70 billion for the quarter. As a group, research analysts predict that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

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.