TC Energy Co. (TSE:TRP) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analyst consensus: "Hold" — 12 analysts cover TC Energy with an average rating of Hold (8 holds, 4 buys) and a 12‑month average price target of C$84.00.
• Recent broker actions are mixed but price targets were largely raised, including Scotiabank C$93 (outperform), RBC C$92 (outperform) and TD C$88 (downgraded to hold despite a higher target), signaling cautious optimism among some firms.
• Valuation and results: shares trade near C$86.06 (slightly above the consensus target) with a market cap ≈ C$89.6B, PE ~26.3, high leverage (debt‑to‑equity 223%), quarterly EPS C$0.98 and analysts expect ~3.55 EPS for the year.

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been given an average rating of "Hold" by the twelve research firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$84.00.

A number of brokerages have recently issued reports on TRP. TD Securities downgraded shares of TC Energy from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$84.00 to C$88.00 in a research report on Tuesday, February 17th. Scotiabank lifted their target price on TC Energy from C$86.00 to C$93.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. Royal Bank Of Canada upped their price target on TC Energy from C$84.00 to C$92.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 17th. ATB Cormark Capital Markets lifted their price objective on TC Energy from C$73.00 to C$80.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 17th. Finally, Raymond James Financial boosted their price objective on TC Energy from C$71.00 to C$74.00 and gave the company a "hold" rating in a research note on Tuesday, February 17th.

TC Energy Price Performance

Shares of TSE:TRP opened at C$86.06 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 223.25. The stock has a market capitalization of C$89.57 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The firm's 50 day moving average price is C$80.72 and its 200-day moving average price is C$76.19. TC Energy has a twelve month low of C$62.17 and a twelve month high of C$89.68.

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

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.

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