TC Energy Co. (TSE:TRP) Receives C$61.92 Average Price Target from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$61.92.

TRP has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. CIBC lowered their target price on TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their target price on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and upped their target price for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. Finally, National Bankshares reduced their price objective on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd.

TC Energy Stock Performance

Shares of TRP opened at C$64.59 on Friday. The company has a market capitalization of C$67.17 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a 12 month low of C$43.05 and a 12 month high of C$66.70. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock has a 50 day moving average of C$62.98 and a 200 day moving average of C$56.84.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. As a group, sell-side analysts forecast that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Activity at TC Energy

In other TC Energy news, Director Rosemary K. Stevens sold 1,200 shares of TC Energy stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the transaction, the director now directly owns 987 shares of the company’s stock, valued at C$59,101.56. The trade was a 0.00 % decrease in their ownership of the stock. In other TC Energy news, Director Rosemary K. Stevens sold 1,200 shares of TC Energy stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$59.88, for a total value of C$71,856.00. Following the sale, the director now owns 987 shares in the company, valued at C$59,101.56. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director Colin Lindley sold 2,773 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total value of C$164,761.40. Following the transaction, the director now owns 697 shares of the company’s stock, valued at approximately C$41,413.16. This represents a 0.00 % decrease in their ownership of the stock. Over the last 90 days, insiders sold 95,479 shares of company stock valued at $5,860,018. 0.03% of the stock is currently owned by insiders.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers 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.