TD Securities Downgrades TC Energy (TSE:TRP) to Hold

TC Energy (TSE:TRP) (NYSE:TRP) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a C$88.00 target price on the stock, up from their prior target price of C$84.00. TD Securities’ target price would suggest a potential upside of 4.17% from the company’s current price.

A number of other analysts have also issued reports on TRP. Jefferies Financial Group increased their price target on shares of TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. Raymond James Financial increased their target price on shares of TC Energy from C$71.00 to C$74.00 and gave the stock a “hold” rating in a research report on Tuesday. National Bank Financial lifted their target price 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. BMO Capital Markets raised TC Energy from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$73.00 to C$83.00 in a research report on Friday, November 7th. Finally, Royal Bank Of Canada lifted their target price 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. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$84.00.

TC Energy Price Performance

TRP opened at C$84.48 on Tuesday. The firm has a market capitalization of C$87.93 billion, a P/E ratio of 25.83, a PEG ratio of 1.69 and a beta of 0.86. The stock has a fifty day moving average of C$77.73 and a 200-day moving average of C$74.56. 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 has a 12-month low of C$62.17 and a 12-month high of C$86.97.

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

Key Headlines 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

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.