ATB Cormark Capital Markets Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective lifted by ATB Cormark Capital Markets from C$98.00 to C$100.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

TRP has been the topic of a number of other reports. TD set a C$98.00 price target on shares of TC Energy and gave the company a “hold” rating in a research report on Thursday, June 25th. Barclays raised their target price on shares of TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley lowered shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a report on Wednesday, June 10th. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price target for the company in a research report on Sunday, April 19th. Finally, Canadian Imperial Bank of Commerce raised their price objective on TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$94.64.

TC Energy Trading Down 1.0%

TSE TRP opened at C$94.40 on Friday. TC Energy has a 12 month low of C$64.91 and a 12 month high of C$100.18. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The company has a 50-day moving average of C$96.12 and a 200-day moving average of C$89.17. The company has a market cap of C$98.34 billion, a P/E ratio of 29.59, a P/E/G ratio of 1.69 and a beta of 0.69.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The company had revenue of C$3.96 billion for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. As a group, equities analysts predict that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of TC Energy stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is owned by company insiders.

Trending Headlines about TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy reported second-quarter revenue of C$3.96 billion and earnings of C$0.94 per share, with coverage describing the results as a beat. The company also approved approximately $500 million in pipeline expansion projects, supporting potential long-term growth. TC Energy posts Q2 earnings beat and approves $500 million in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy EPS forecasts across multiple periods, including FY2026 to $3.71 from $3.50, FY2027 to $3.89 from $3.64, and FY2028 to $3.99 from $3.69. Quarterly estimates for Q2 2026, Q3 2026, Q4 2026 and Q1 2027 were also increased, indicating improved expectations for earnings momentum.
• Positive Sentiment: Several firms raised their price targets: BMO Capital Markets to C$99 from C$94 with an “outperform” rating; National Bank Financial to C$103 from C$102 with an “outperform” rating; Barclays to C$102 from C$100 with an “overweight” rating; RBC to C$106 from C$104 with an “outperform” rating; and ATB Cormark to C$100 from C$98 with a “sector perform” rating. These revisions suggest analysts see additional upside from recent levels. Analyst rating changes
• Neutral Sentiment: TD lifted its price target to C$102 from C$100 but maintained a “hold” rating, signaling that the firm sees valuation support and moderate upside without sufficient conviction for a more bullish recommendation. TD analyst rating change

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.