TC Energy (TSE:TRP) Price Target Raised to C$74.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by Raymond James Financial from C$71.00 to C$74.00 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Raymond James Financial currently has a hold rating on the stock.

A number of other brokerages have also commented on TRP. Jefferies Financial Group raised their price objective on shares of TC Energy from C$74.00 to C$80.00 in a report on Wednesday, February 4th. Scotiabank increased their target price on TC Energy from C$81.00 to C$86.00 in a report on Friday, January 16th. National Bank Financial lifted their price target on TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. BMO Capital Markets raised TC Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$73.00 to C$83.00 in a research report on Friday, November 7th. Finally, Canadian Imperial Bank of Commerce increased their price objective on TC Energy from C$78.00 to C$81.00 in a report on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, TC Energy has a consensus rating of “Hold” and an average price target of C$84.00.

TC Energy Trading Up 1.4%

Shares of TSE TRP opened at C$85.63 on Tuesday. TC Energy has a twelve month low of C$62.17 and a twelve month high of C$86.97. The stock has a market cap of C$89.13 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.69 and a beta of 0.86. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The company’s fifty day moving average is C$77.95 and its 200-day moving average is C$74.64.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$4.17 billion for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. Equities research analysts predict that TC Energy will post 3.5490515 EPS for the current 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.