TC Energy Co. (TSE:TRP) Given Average Rating of “Hold” by Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$89.86.

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce increased their price target on shares of TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. National Bank Financial boosted their price objective on TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. ATB Cormark Capital Markets increased their target price on TC Energy from C$82.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Finally, Morgan Stanley lowered TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target on the stock. in a research report on Wednesday, June 10th.

Insiders Place Their Bets

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is currently owned by company insiders.

TC Energy Price Performance

Shares of TC Energy stock opened at C$98.67 on Thursday. The business’s fifty day moving average price is C$91.94 and its 200 day moving average price is C$85.24. The stock has a market capitalization of C$102.79 billion, a P/E ratio of 30.93, a PEG ratio of 1.69 and a beta of 0.70. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. TC Energy has a twelve month low of C$63.34 and a twelve month high of C$98.75.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. The business had revenue of C$3.86 billion for the quarter. As a group, research analysts anticipate that TC Energy will post 3.5490515 earnings per share 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.