TC Energy Co. (TSE:TRP) Receives Average Rating of “Hold” from Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$84.00.

A number of analysts recently weighed in on TRP shares. TD Securities cut shares of TC Energy from a “buy” rating to a “hold” rating and upped their target price for the company from C$84.00 to C$88.00 in a research note on Tuesday. Royal Bank Of Canada upped their price objective on TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday. Raymond James Financial raised their target price on TC Energy from C$71.00 to C$74.00 and gave the stock a “market perform” rating in a research report on Tuesday. National Bank Financial boosted their price target on TC Energy from C$85.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, ATB Cormark Capital Markets increased their price objective on TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Tuesday.

TC Energy News Roundup

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

• Positive Sentiment: Scotiabank raised its price target to C$93.00 and kept an “outperform” rating, implying meaningful upside versus the current level. This is a bullish signal from a large Canadian bank. Scotiabank raise
• Positive Sentiment: Royal Bank of Canada lifted its target to C$92.00 and retained an “outperform” view, supporting the case for further upside. RBC raise
• Positive Sentiment: Jefferies raised its target to C$88.00 (from C$80.00), a modest upside signal that reinforces bullishness from another sell‑side shop. Jefferies raise
• Neutral Sentiment: National Bank Financial nudged its target to C$86.00 and kept a “sector perform” rating — effectively neutral given the very small implied upside. National Bank update
• Negative Sentiment: Raymond James raised its target only to C$74.00 and maintained a “market perform” rating — the target implies a notable downside versus the current share level and is a clear bearish datapoint. Raymond James raise
• Negative Sentiment: ATB Cormark lifted its target to C$80.00 but kept a “sector perform” view; the target still implies downside and is a headwind for sentiment. ATB Cormark update
• Negative Sentiment: Canadian Imperial Bank of Commerce downgraded TRP from “outperform” to “neutral” (PT C$85.00). Even though the target rose slightly, the rating cut is a negative signal for momentum. CIBC downgrade
• Negative Sentiment: TD Securities downgraded the stock from “buy” to “hold” (PT C$88.00). Rating downgrades tend to pressure sentiment even when targets tick higher. TD downgrade

TC Energy Stock Performance

TRP opened at C$84.91 on Friday. The stock’s 50 day simple moving average is C$77.53 and its 200-day simple moving average is C$74.49. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The stock has a market cap of C$88.39 billion, a PE ratio of 25.97, a P/E/G ratio of 1.69 and a beta of 0.86. TC Energy has a 1 year low of C$62.17 and a 1 year high of C$86.97.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The firm had revenue of C$4.17 billion for the quarter. Sell-side analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Company Profile

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.