TC Energy (TSE:TRP) Given New C$80.00 Price Target at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its target price lifted by stock analysts at Jefferies Financial Group from C$74.00 to C$80.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential downside of 0.99% from the stock’s current price.

A number of other research firms have also recently issued reports on TRP. National Bankshares upped their price target on shares of TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. CIBC lifted their price target on TC Energy from C$78.00 to C$81.00 in a research report on Wednesday, December 17th. Raymond James Financial raised their price objective on shares of TC Energy from C$70.00 to C$72.00 in a research note on Monday, November 10th. Scotiabank increased their price target on shares of TC Energy from C$81.00 to C$86.00 in a report on Friday, January 16th. Finally, TD Securities dropped their price objective on shares of 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. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$80.60.

TC Energy Stock Performance

TRP traded down C$0.17 on Wednesday, hitting C$80.80. The company had a trading volume of 809,045 shares, compared to its average volume of 5,576,000. The company’s fifty day moving average price is C$76.01 and its 200 day moving average price is C$73.23. TC Energy has a 1-year low of C$62.17 and a 1-year high of C$81.80. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The stock has a market cap of C$84.11 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.86.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results 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 company had revenue of C$3.70 billion for the quarter. Equities 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.