National Bankshares Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective upped by research analysts at National Bankshares from C$76.00 to C$85.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 14.03% from the company’s previous close.

Several other brokerages have also recently issued reports on TRP. Citigroup set a C$75.00 price target on TC Energy and gave the company a “neutral” rating in a research report on Friday, September 5th. Barclays lifted their target price on TC Energy from C$75.00 to C$80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Scotiabank upped their price target on shares of TC Energy from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Monday, October 20th. BMO Capital Markets upgraded shares of TC Energy from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$73.00 to C$83.00 in a research report on Friday, November 7th. Finally, US Capital Advisors downgraded shares of TC Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$79.40.

TC Energy Price Performance

Shares of TRP stock traded up C$0.71 during midday trading on Wednesday, reaching C$74.54. 604,693 shares of the company were exchanged, compared to its average volume of 5,739,302. The company’s 50 day moving average price is C$73.96 and its two-hundred day moving average price is C$70.80. The company has a market cap of C$77.60 billion, a P/E ratio of 22.80, a PEG ratio of 1.69 and a beta of 0.90. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$77.73. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.77 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. On average, sell-side analysts expect that TC Energy will post 3.5490515 earnings per share 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.