TC Energy Co. (TSE:TRP) Given Average Recommendation of “Hold” by Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$84.00.

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Scotiabank upped their price target on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce lowered shares of TC Energy from an “outperform” rating to a “hold” rating and increased their price objective for the company from C$81.00 to C$85.00 in a report on Tuesday, February 17th. ATB Cormark Capital Markets lifted their price objective on shares of TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Finally, TD Securities downgraded shares of TC Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$84.00 to C$88.00 in a report on Tuesday, February 17th.

TC Energy Trading Down 0.6%

Shares of TC Energy stock opened at C$86.06 on Tuesday. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$89.68. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. The company has a market capitalization of C$89.57 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a fifty day moving average of C$80.72 and a 200 day moving average of C$76.19.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%.The business had revenue of C$4.17 billion for the quarter. On average, sell-side analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

About TC Energy

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.