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

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by stock analysts at National Bank Financial from C$85.00 to C$86.00 in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 1.80% from the company’s current price.

Other analysts also recently issued research reports about the stock. TD Securities lowered their price objective on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce lowered shares of TC Energy from an “outperform” rating to a “hold” rating and raised their price target for the company from C$81.00 to C$85.00 in a report on Tuesday. BMO Capital Markets raised shares of 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. Scotiabank upped their price objective on shares of TC Energy from C$81.00 to C$86.00 in a research report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their target price on TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$84.00.

TC Energy Stock Down 0.5%

Shares of TSE TRP opened at C$84.48 on Tuesday. The stock has a fifty day moving average price of C$77.73 and a 200 day moving average price of C$74.56. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy has a 12-month low of C$62.17 and a 12-month high of C$86.97. The company has a market cap of C$87.93 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.69 and a beta of 0.86.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results 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 company had revenue of C$4.17 billion during the quarter. Research analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

Trending Headlines about 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

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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.