TC Energy Co. (TRP.TO) – What Are Researchers Saying About This Stock?

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$96.29.

A number of research firms recently commented on TRP. Royal Bank Of Canada upgraded TC Energy to a “moderate buy” rating in a report on Friday, September 11th. BMO Capital Markets raised their target price on TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. The Goldman Sachs Group upgraded TC Energy from a “hold” rating to a “buy” rating and set a C$71.00 target price on the stock in a research report on Wednesday, September 30th. TD Securities upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Finally, National Bank Financial upped their price target on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research note on Friday, July 31st.

TC Energy Stock Performance

TC Energy stock opened at C$87.32 on Wednesday. The firm has a 50 day simple moving average of C$85.78 and a 200-day simple moving average of C$90.34. TC Energy has a 1-year low of C$69.41 and a 1-year high of C$100.18. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The stock has a market cap of C$90.97 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.69 and a beta of 0.74.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. The business had revenue of C$3.96 billion during the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. On average, analysts expect that TC Energy will post 3.55 EPS for the current 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.