Brokerages Set TC Energy Co. (TSE:TRP) Target Price at C$79.40

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$79.40.

Several equities analysts recently issued reports on the stock. BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$73.00 to C$83.00 in a research note on Friday, November 7th. National Bankshares boosted their price target on TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. TD Securities decreased their price objective on TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Scotiabank upped their target price on TC Energy from C$77.00 to C$80.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada increased their target price on TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th.

TC Energy Trading Up 0.2%

TC Energy stock opened at C$76.48 on Thursday. The stock has a market cap of C$79.62 billion, a PE ratio of 23.39, a P/E/G ratio of 1.69 and a beta of 0.90. The stock has a 50-day moving average price of C$74.39 and a 200 day moving average price of C$71.21. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$77.73. 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 released its earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share (EPS) for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The company had revenue of C$3.70 billion for the quarter. Equities research analysts predict 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.