TC Energy Co. (TSE:TRP) Stock Has Average Target Price of C$95.64 According to Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$95.64.

TRP has been the subject of several analyst reports. BMO Capital Markets raised their price target on TC Energy from C$94.00 to C$99.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Royal Bank Of Canada upgraded shares of TC Energy to a “moderate buy” rating in a research note on Friday, September 11th. TD raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 price objective on the stock in a research report on Tuesday, September 15th. ATB Cormark Capital Markets increased their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Finally, Scotiabank set a C$105.00 price objective on shares of TC Energy and gave the company a “sector outperform” rating in a research note on Tuesday, September 22nd.

TC Energy Stock Performance

TC Energy stock opened at C$83.15 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. The company has a market capitalization of C$86.62 billion, a P/E ratio of 24.90, a PEG ratio of 1.69 and a beta of 0.68. The stock’s 50 day moving average is C$88.59 and its 200 day moving average is C$90.61. TC Energy has a twelve month low of C$69.41 and a twelve month high of C$100.18.

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

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.