TC Energy (TSE:TRP) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective increased by stock analysts at Royal Bank Of Canada from C$84.00 to C$92.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 8.90% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets upgraded shares of TC Energy from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$73.00 to C$83.00 in a research report on Friday, November 7th. Jefferies Financial Group boosted their price objective on TC Energy from C$74.00 to C$80.00 in a report on Wednesday, February 4th. National Bank Financial upped their target price on TC Energy from C$76.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Raymond James Financial lifted their price target on TC Energy from C$71.00 to C$74.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, TD Securities lowered their price objective on TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$84.00.

TC Energy Trading Down 0.5%

TC Energy stock opened at C$84.48 on Tuesday. The stock has a 50-day moving average price of C$77.73 and a 200 day moving average price of C$74.56. The company has a market capitalization of C$87.93 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.69 and a beta of 0.86. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$86.97. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

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

TC Energy News Summary

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.