TC Energy Co. (TSE:TRP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• TC Energy has a consensus “Hold” rating among 15 analysts, with eight holds and seven buys. The average 12-month price target is C$94.64.
• Recent analyst actions were mixed: several firms raised their price targets, while Morgan Stanley downgraded the stock to “equal weight”; US Capital Advisors upgraded it to “moderate buy.”
• TC Energy reported quarterly EPS of C$0.94 on revenue of C$3.96 billion, with a 22.46% net margin. Shares opened at C$86.78, below the analyst consensus target and their 50-day moving average of C$93.05.

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP have received a consensus rating of "Hold" from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$94.64.

TRP has been the topic of several recent research reports. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce lifted their target price on TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. ATB Cormark Capital Markets raised their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the company a "sector perform" rating in a research report on Friday, July 31st. National Bank Financial lifted their target price on TC Energy from C$102.00 to C$103.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Morgan Stanley lowered shares of TC Energy from an "overweight" rating to an "equal weight" rating and set a C$103.00 price target on the stock. in a report on Wednesday, June 10th.

TC Energy Price Performance

Shares of TSE TRP opened at C$86.78 on Tuesday. The company has a market capitalization of C$90.40 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. TC Energy has a twelve month low of C$69.41 and a twelve month high of C$100.18. The business has a 50 day simple moving average of C$93.05 and a 200-day simple moving average of C$90.71. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last issued its earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.The company had revenue of C$3.96 billion during the quarter. As a group, equities research analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Activity at TC Energy

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. Corporate insiders own 0.03% of the company's stock.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source