TC Energy (TSE:TRP) Stock Rating Lowered by TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday,BayStreet.CA reports. They presently have a C$88.00 price target on the stock, up from their previous price target of C$84.00. TD Securities’ target price would indicate a potential upside of 3.69% from the stock’s previous close.

Several other research analysts have also recently commented on the company. Royal Bank Of Canada lifted their price target on shares of TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce lowered shares of TC Energy from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$81.00 to C$85.00 in a report on Tuesday. BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$73.00 to C$83.00 in a research note on Friday, November 7th. Raymond James Financial boosted their target price on TC Energy from C$71.00 to C$74.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, National Bank Financial increased their price target on TC Energy from C$85.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and a consensus price target of C$84.00.

TC Energy Stock Performance

TRP traded down C$1.65 during trading hours on Tuesday, hitting C$84.87. The company’s stock had a trading volume of 2,107,940 shares, compared to its average volume of 4,875,110. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$86.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The firm has a market capitalization of C$88.35 billion, a PE ratio of 25.95, a PEG ratio of 1.69 and a beta of 0.86. The company has a 50-day simple moving average of C$77.33 and a 200 day simple moving average of C$74.36.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The business had revenue of C$4.17 billion during the quarter. As a group, sell-side analysts expect that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Company Profile

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.