TC Energy (TSE:TRP) Hits New 1-Year High – Time to Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP) reached a new 52-week high on Friday . The stock traded as high as C$77.56 and last traded at C$77.25, with a volume of 1379631 shares traded. The stock had previously closed at C$76.37.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TRP. US Capital Advisors cut TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Cibc World Mkts downgraded shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. National Bankshares upped their price objective on shares of TC Energy from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. CIBC raised shares of TC Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$77.00 to C$78.00 in a research note on Friday, November 7th. Finally, Royal Bank Of Canada boosted their price target on shares of TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$78.08.

TC Energy Stock Performance

The company has a market capitalization of C$80.15 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The company’s 50 day moving average is C$73.03 and its 200-day moving average is C$69.75. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.58 EPS for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The business had revenue of C$3.70 billion for the quarter. Equities analysts anticipate that TC Energy Co. will post 3.5490515 EPS for the current fiscal 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.