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MSFT   232.33 (+1.22%)
FB   282.05 (+1.45%)
GOOGL   1,907.95 (+0.72%)
AMZN   3,326.13 (+0.98%)
TSLA   883.09 (+0.26%)
NVDA   537.41 (-1.60%)
BABA   265.92 (+1.74%)
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GE   11.29 (+2.73%)
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AMD   94.71 (+0.62%)
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NFLX   561.93 (+0.92%)
GILD   66.70 (-2.14%)
S&P 500   3,849.62 (-0.15%)
DOW   30,937.04 (-0.07%)
QQQ   328.59 (+0.15%)
AAPL   143.16 (+0.17%)
MSFT   232.33 (+1.22%)
FB   282.05 (+1.45%)
GOOGL   1,907.95 (+0.72%)
AMZN   3,326.13 (+0.98%)
TSLA   883.09 (+0.26%)
NVDA   537.41 (-1.60%)
BABA   265.92 (+1.74%)
CGC   35.52 (+7.93%)
GE   11.29 (+2.73%)
MU   79.51 (-2.18%)
AMD   94.71 (+0.62%)
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GOOGL   1,907.95 (+0.72%)
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TSLA   883.09 (+0.26%)
NVDA   537.41 (-1.60%)
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CGC   35.52 (+7.93%)
GE   11.29 (+2.73%)
MU   79.51 (-2.18%)
AMD   94.71 (+0.62%)
NIO   60.31 (+0.53%)
T   29.75 (+2.20%)
F   11.19 (-0.89%)
ACB   10.67 (+5.02%)
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DIS   169.56 (-1.36%)
NFLX   561.93 (+0.92%)
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TC Energy Co. (TRP.TO) (TSE:TRP) PT Lowered to C$65.00

Last updated on Friday, January 22, 2021 | 2021 MarketBeat

TC Energy Co. (TRP.TO) (TSE:TRP) (NYSE:TRP) had its price objective dropped by research analysts at BMO Capital Markets to C$65.00 in a research report issued on Friday, Stock Target Advisor reports. The firm currently has a "na" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 15.06% from the company's current price.

TRP has been the topic of a number of other research reports. Wells Fargo & Company lowered shares of TC Energy Co. (TRP.TO) from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from C$73.00 to C$67.00 in a research report on Monday, November 30th. CSFB set a C$65.00 target price on TC Energy Co. (TRP.TO) and gave the stock a "neutral" rating in a report on Wednesday, November 18th. Tudor Pickering & Holt set a C$62.00 price target on TC Energy Co. (TRP.TO) and gave the company a "hold" rating in a research note on Tuesday. Royal Bank of Canada lowered their price target on TC Energy Co. (TRP.TO) from C$81.00 to C$72.00 and set an "outperform" rating on the stock in a research report on Friday, October 30th. Finally, Credit Suisse Group upped their target price on shares of TC Energy Co. (TRP.TO) to C$70.00 and gave the company a "na" rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of "Buy" and an average price target of C$68.35.

TRP traded down C$0.74 during midday trading on Friday, reaching C$56.49. 2,171,606 shares of the company's stock were exchanged, compared to its average volume of 4,569,157. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 144.88. The business has a 50-day simple moving average of C$54.97 and a two-hundred day simple moving average of C$57.79. The firm has a market capitalization of C$53.10 billion and a price-to-earnings ratio of 11.95. TC Energy Co. has a one year low of C$47.05 and a one year high of C$76.58.

TC Energy Co. (TRP.TO) (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, October 29th. The company reported C$0.95 EPS for the quarter, beating the Thomson Reuters' consensus estimate of C$0.92 by C$0.03. The firm had revenue of C$3.20 billion during the quarter, compared to the consensus estimate of C$3.08 billion. As a group, research analysts anticipate that TC Energy Co. will post 4.1700001 EPS for the current fiscal year.

In other news, Director David A. Diakow sold 10,000 shares of the firm's stock in a transaction dated Thursday, November 26th. The stock was sold at an average price of C$58.77, for a total transaction of C$587,712.00. Following the transaction, the director now directly owns 2,426 shares of the company's stock, valued at C$142,578.93. Also, Director Robert C. Jacobucci acquired 2,460 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was bought at an average price of C$51.85 per share, for a total transaction of C$127,553.71. Following the acquisition, the director now owns 6,360 shares of the company's stock, valued at approximately C$329,773. Insiders acquired 3,653 shares of company stock valued at $194,600 over the last quarter.

TC Energy Co. (TRP.TO) Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 92,600 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.

Read More: Pattern Day Trader - What is the PDT Rule?

Stock Target Advisor

Analyst Recommendations for TC Energy Co. (TRP.TO) (TSE:TRP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Infrastructure Stocks That May Help Rebuild America

Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.

With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.

Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.

Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.

However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.

View the "7 Infrastructure Stocks That May Help Rebuild America".

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