Citigroup Increases TC Energy (TSE:TRP) Price Target to C$95.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by investment analysts at Citigroup from C$86.00 to C$95.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 9.92% from the stock’s previous close.

TRP has been the topic of a number of other reports. National Bank Financial upped 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, February 17th. TD Securities downgraded shares of TC Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$84.00 to C$88.00 in a report on Tuesday, February 17th. Royal Bank Of Canada lifted their price objective 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, February 17th. Jefferies Financial Group boosted their target price on shares of TC Energy from C$80.00 to C$88.00 in a report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets increased 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 report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$86.18.

TC Energy Trading Down 0.8%

Shares of TC Energy stock opened at C$86.43 on Tuesday. The stock has a market capitalization of C$90.04 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.69 and a beta of 0.83. TC Energy has a 52-week low of C$62.17 and a 52-week high of C$89.68. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. The stock’s 50-day simple moving average is C$84.80 and its 200 day simple moving average is C$78.07.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$4.17 billion during the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. As a group, research analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Activity

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

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.