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

Key Points

• Analysts hold a neutral view on TC Energy: Fifteen analysts give the stock a consensus “Hold” rating, with nine holds and six buys. The average 12-month price target is C$94.64, above the C$89.56 opening price.
• Several firms recently raised their price targets, including RBC to C$106, National Bank to C$103, ATB Cormark to C$100 and BMO to C$99, while Morgan Stanley downgraded the stock to “Equal Weight” with a C$103 target.
• TC Energy reported quarterly earnings of C$0.94 per share and revenue of C$3.96 billion, with a 22.46% net margin and 13.07% return on equity. Two insiders sold shares recently, while insiders collectively own just 0.03% of the company.

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP have earned a consensus rating of "Hold" from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$94.64.

Several research analysts have commented on TRP shares. National Bank Financial raised their price objective on TC Energy from C$102.00 to C$103.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. ATB Cormark Capital Markets upped their target price on TC Energy from C$98.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Royal Bank Of Canada increased their target price on TC Energy from C$104.00 to C$106.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Morgan Stanley cut TC Energy from an "overweight" rating to an "equal weight" rating and set a C$103.00 price target for the company. in a report on Wednesday, June 10th. Finally, BMO Capital Markets increased 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 report on Friday, July 31st.

TC Energy Stock Up 0.1%

TRP opened at C$89.56 on Friday. 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 firm has a market cap of C$93.30 billion, a P/E ratio of 26.81, a PEG ratio of 1.69 and a beta of 0.72. TC Energy has a 52 week low of C$67.82 and a 52 week high of C$100.18. The business's fifty day simple moving average is C$95.82 and its 200 day simple moving average is C$89.70.

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

Insider Buying and Selling at TC Energy

In other news, Director Trevor Ebl sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction 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. Insiders own 0.03% of the company's stock.

About TC Energy

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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