TC Energy (TSE:TRP) Stock Price Expected to Rise, Raymond James Financial Analyst Says

TC Energy (TSE:TRP) (NYSE:TRP) had its target price hoisted by Raymond James Financial from C$74.00 to C$78.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James Financial’s price objective suggests a potential downside of 10.46% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group boosted their price target on shares of TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. National Bank Financial lifted their target price on TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. ATB Cormark Capital Markets boosted their target price on TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Scotiabank upped their price target on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce lowered TC Energy from an “outperform” rating to a “hold” rating and increased their price target for the company from C$81.00 to C$85.00 in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$86.18.

TC Energy Stock Down 0.7%

Shares of TRP opened at C$87.11 on Monday. The company’s 50-day simple moving average is C$84.57 and its 200-day simple moving average is C$78.01. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. TC Energy has a 1 year low of C$62.17 and a 1 year high of C$89.68. The stock has a market capitalization of C$90.75 billion, a PE ratio of 26.64, a P/E/G ratio of 1.69 and a beta of 0.83.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. The firm had revenue of C$4.17 billion during the quarter. Analysts forecast that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Buying and Selling at TC Energy

In other news, insider Dawn Elizabeth De Lima sold 25,342 shares of TC Energy stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the sale, the insider directly owned 18,490 shares of the company’s stock, valued at approximately C$1,640,617.70. The trade was a 57.82% decrease in their position. Insiders own 0.03% of the company’s stock.

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.