Analysts Set TC Energy Co. (TSE:TRP) PT at C$84.00

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$84.00.

Several equities analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce downgraded shares of TC Energy from an “outperform” rating to a “hold” rating and boosted their price target for the company from C$81.00 to C$85.00 in a report on Tuesday, February 17th. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$80.00 to C$88.00 in a research report on Tuesday, February 17th. Scotiabank boosted their target price on shares of TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. ATB Cormark Capital Markets upped their target price on shares of TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised their price target on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th.

TC Energy Trading Up 0.5%

Shares of TSE TRP opened at C$87.92 on Tuesday. TC Energy has a 12-month low of C$62.17 and a 12-month high of C$89.68. The company has a market cap of C$91.51 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 223.25. The stock’s 50 day simple moving average is C$81.77 and its 200 day simple moving average is C$76.76.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The firm had revenue of C$4.17 billion during the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%. Equities research analysts expect 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.