TC Energy Co. (TSE:TRP) Receives Consensus Rating of “Hold” from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given an average rating of “Hold” by the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$94.64.

TRP has been the topic of several analyst reports. Canadian Imperial Bank of Commerce boosted their price target on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. TD increased their price target on shares of TC Energy from C$100.00 to C$102.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. ATB Cormark Capital Markets lifted their price objective on TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. BMO Capital Markets upped their price target on 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. Finally, Barclays raised their price objective on shares of TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a report on Friday, July 31st.

TC Energy Stock Performance

Shares of TRP opened at C$86.78 on Tuesday. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The company’s fifty day moving average price is C$93.05 and its 200 day moving average price is C$90.71. The company has a market capitalization of C$90.40 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. TC Energy has a one year low of C$69.41 and a one year high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The business had revenue of C$3.96 billion for the quarter. As a group, analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Activity at TC Energy

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. 0.03% of the stock is currently owned by company insiders.

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.