Raymond James Financial Forecasts Strong Price Appreciation for TC Energy (TSE:TRP) Stock

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by Raymond James Financial from C$71.00 to C$74.00 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the stock. Raymond James Financial’s price objective suggests a potential downside of 12.41% from the stock’s current price.

TRP has been the subject of several other research reports. Canadian Imperial Bank of Commerce raised their price target on TC Energy from C$78.00 to C$81.00 in a report on Wednesday, December 17th. BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and raised their target price for the company from C$73.00 to C$83.00 in a report on Friday, November 7th. Royal Bank Of Canada boosted their price target on shares of TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. Scotiabank increased 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, TD Securities reduced their target price on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a 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 company’s stock. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and a consensus target price of C$84.00.

TC Energy Stock Performance

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. The stock has a market capitalization 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 company has a fifty day moving average of C$77.73 and a 200 day moving average of C$74.56. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$86.97.

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

TC Energy News Roundup

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.