ATB Cormark Capital Markets Forecasts Strong Price Appreciation for TC Energy (TSE:TRP) Stock

TC Energy (TSE:TRP) (NYSE:TRP) had its target price hoisted by stock analysts at ATB Cormark Capital Markets from C$73.00 to C$80.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential downside of 5.30% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price target on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce lowered shares of TC Energy from an “outperform” rating to a “hold” rating and raised their target price for the company from C$81.00 to C$85.00 in a research report on Tuesday. TD Securities cut shares of TC Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$84.00 to C$88.00 in a research note on Tuesday. National Bank Financial increased their price target on TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$73.00 to C$83.00 in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TC Energy has an average rating of “Hold” and an average target price of C$84.00.

TC Energy Trading Down 0.5%

Shares of TRP opened at C$84.48 on Tuesday. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. TC Energy has a 52-week low of C$62.17 and a 52-week high of C$86.97. The firm has a market cap of C$87.93 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.69 and a beta of 0.86. The business’s fifty day moving average is C$77.73 and its 200-day moving average is C$74.56.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The business had revenue of C$4.17 billion for the quarter. Equities analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

Key Stories Impacting TC Energy

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

• Positive Sentiment: Scotiabank raised its price target to C$93.00 and put an “outperform” rating on TRP — a sizable bullish signal that implies meaningful upside from current levels. Scotiabank Raise
• Positive Sentiment: Royal Bank of Canada raised its target to C$92.00 and kept an “outperform” rating, another supportive institutional view that could underpin the stock if energy fundamentals remain steady. RBC Raise
• Positive Sentiment: Jefferies bumped its target to C$88.00, trimming some uncertainty and providing modest upside potential. Jefferies Raise
• Neutral Sentiment: National Bank Financial raised its target to C$86.00 but kept a “hold” rating — a marginally positive tweak that is unlikely to move consensus materially. National Bank Update
• Neutral Sentiment: Coverage pieces explaining the wave of analyst activity and how broker rating changes affect markets provide context for today’s move — helpful for investors trying to parse noisy commentary. Globe and Mail: Analysts Offer Insights
• Neutral Sentiment: An explainer on why brokerage rating shifts move markets gives investors background on the mechanics behind the volatility; it reinforces that the price action is reactionary to guidance rather than new company fundamentals. Kalkine: Ratings Shift Explainer
• Negative Sentiment: Raymond James raised its target to C$74.00 but keeps a “hold” rating — that target sits well below the market and signals downside risk per that broker’s view. Raymond James Update
• Negative Sentiment: ATB Cormark raised its target to C$80.00 with a “sector perform” call; the revised target implies downside versus current prices and may weigh on momentum. ATB Cormark Update
• Negative Sentiment: CIBC downgraded TRP from “outperform” to “hold” (target C$85.00) and TD Securities cut from “buy” to “hold” (target C$88.00) — these downgrades reduce buy-side conviction and increase near-term selling pressure. CIBC / TD Downgrades

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.