TC Energy Co. (TSE:TRP) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give TC Energy a consensus “Moderate Buy” rating: Of 15 analysts, nine recommend buying, five rate it a hold, and one gives it a strong-buy rating. The average 12-month price target is C$95.64.
• Recent analyst actions were generally positive, with BMO Capital Markets, Jefferies, National Bank Financial, and US Capital Advisors raising targets or ratings, while Morgan Stanley downgraded the stock to equal weight.
• TC Energy shares opened at C$83.17, down 1.3%: The company reported quarterly EPS of C$0.94 and revenue of C$3.96 billion, with a 22.46% net margin and 13.07% return on equity.

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP have earned an average rating of "Moderate Buy" from the fifteen analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$95.64.

TRP has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Jefferies Financial Group raised shares of TC Energy from a "hold" rating to a "buy" rating and raised their price target for the company from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. Morgan Stanley cut TC Energy from an "overweight" rating to an "equal weight" rating and set a C$103.00 price objective on the stock. in a report on Wednesday, June 10th. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 20th. Finally, National Bank Financial boosted their price objective on TC Energy from C$102.00 to C$103.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st.

TC Energy Trading Down 1.3%

Shares of TSE:TRP opened at C$83.17 on Friday. TC Energy has a 1 year low of C$69.41 and a 1 year high of C$100.18. The firm has a market capitalization of C$86.64 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.69 and a beta of 0.68. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The business's 50 day moving average price is C$88.86 and its 200-day moving average price is C$90.60.

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

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.

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