TC Energy Co. (TSE:TRP) Stock Has Average Price Target of C$96.29 According to Brokerages

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been given an average rating of "Moderate Buy" by the fifteen analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$96.29.

Several equities analysts have weighed in on the company. Barclays lifted their target price on TC Energy from C$100.00 to C$102.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 20th. TD raised shares of TC Energy from a "hold" rating to a "buy" rating and set a C$102.00 price objective for the company in a research note on Tuesday, September 15th. BMO Capital Markets raised their price objective on shares of TC Energy from C$94.00 to C$99.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada upgraded shares of TC Energy to a "moderate buy" rating in a report on Friday, September 11th.

TC Energy Trading Up 1.3%

TRP opened at C$86.85 on Wednesday. TC Energy has a 52 week low of C$69.41 and a 52 week high of C$100.18. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. The business has a fifty day simple moving average of C$85.86 and a 200-day simple moving average of C$90.35. The firm has a market cap of C$90.48 billion, a P/E ratio of 26.00, a P/E/G ratio of 1.69 and a beta of 0.74.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%. The firm had revenue of C$3.96 billion for the quarter. On average, equities analysts expect that TC Energy will post 3.55 earnings per share for the current 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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