TC Energy (TSE:TRP) Price Target Raised to C$92.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by Royal Bank Of Canada from C$84.00 to C$92.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

TRP has been the subject of several other research reports. Jefferies Financial Group boosted their price objective on TC Energy from C$74.00 to C$80.00 in a report on Wednesday, February 4th. TD Securities reduced their price target on shares of TC Energy from C$81.00 to C$80.00 and set a “buy” rating for the company in a research report on Friday, November 7th. BMO Capital Markets upgraded shares of TC Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Raymond James Financial lifted their price objective on shares of TC Energy from C$71.00 to C$74.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Scotiabank boosted their target price on shares of TC Energy from C$81.00 to C$86.00 in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus target price of C$84.00.

TC Energy Price Performance

TRP stock opened at C$85.63 on Tuesday. 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 company’s 50-day moving average is C$77.95 and its 200-day moving average is C$74.64. The stock has a market capitalization of C$89.13 billion, a PE ratio of 26.19, a price-to-earnings-growth 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 issued its earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$4.17 billion during the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%. Equities research analysts expect that TC Energy will post 3.5490515 EPS 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.