TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by stock analysts at CIBC to C$74.00 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an "outperform" rating on the stock. CIBC's target price would indicate a potential upside of 14.84% from the stock's current price.
TRP has been the topic of a number of other research reports. TD Securities cut their price target on shares of TC Energy from C$75.00 to C$73.00 and set a "buy" rating on the stock in a research note on Friday, February 19th. CSFB lifted their price target on TC Energy from C$70.00 to C$77.00 in a research report on Thursday. Tudor Pickering & Holt increased their price objective on TC Energy from C$62.00 to C$63.00 and gave the company a "hold" rating in a report on Thursday, June 10th. BMO Capital Markets lifted their target price on TC Energy from C$68.00 to C$70.00 in a report on Friday, February 19th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of TC Energy from C$65.00 to C$67.00 and gave the stock a "na" rating in a report on Monday, March 15th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of "Buy" and a consensus price target of C$69.13.
Shares of TC Energy stock traded down C$0.73 during trading on Friday, reaching C$64.44. The company's stock had a trading volume of 1,854,811 shares, compared to its average volume of 4,291,927. TC Energy has a 1-year low of C$50.61 and a 1-year high of C$66.14. The company has a 50-day moving average price of C$61.38. The company has a debt-to-equity ratio of 161.81, a quick ratio of 0.61 and a current ratio of 0.81. The stock has a market capitalization of C$63.04 billion and a P/E ratio of 26.91.
TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 7th. The company reported C$1.16 earnings per share for the quarter, topping the consensus estimate of C$1.08 by C$0.08. The business had revenue of C$3.38 billion during the quarter. As a group, equities analysts predict that TC Energy will post 4.4513116 EPS for the current year.
In related news, Director Jay J. White purchased 537 shares of the firm's stock in a transaction that occurred on Wednesday, April 7th. The shares were purchased at an average cost of C$61.93 per share, with a total value of C$33,258.77. Following the purchase, the director now owns 1,337 shares of the company's stock, valued at approximately C$82,806.29. Also, Senior Officer Francois Lionel Poirier acquired 19,600 shares of the business's stock in a transaction on Tuesday, March 23rd. The shares were purchased at an average price of C$56.97 per share, with a total value of C$1,116,692.36. Following the completion of the purchase, the insider now owns 85,200 shares in the company, valued at approximately C$4,854,193.32. Over the last ninety days, insiders have bought 21,132 shares of company stock valued at $1,210,568.
About TC Energy
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 93,400 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.
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