TC Energy (TSE:TRP) Stock Price Expected to Rise, Scotiabank Analyst Says

TC Energy (TSE:TRP) (NYSE:TRP) had its target price lifted by equities researchers at Scotiabank from C$86.00 to C$93.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 10.09% from the company’s previous close.

TRP has been the topic of a number of other research reports. National Bank Financial lifted their price target on shares of TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a research note on Tuesday. Raymond James Financial raised their price objective on shares of TC Energy from C$71.00 to C$74.00 and gave the stock a “hold” rating in a report on Tuesday. Canadian Imperial Bank of Commerce lowered shares of TC Energy from an “outperform” rating to a “hold” rating and upped their target price for the stock from C$81.00 to C$85.00 in a research note on Tuesday. BMO Capital Markets upgraded TC Energy from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Finally, Royal Bank Of Canada boosted their price target on TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Hold” and a consensus price target of C$84.00.

TC Energy Price Performance

TRP opened at C$84.48 on Tuesday. The stock 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 has a 12 month low of C$62.17 and a 12 month 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. The company has a fifty day simple moving average of C$77.73 and a 200 day simple moving average of C$74.56.

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

More TC Energy News

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.