TC Energy (TSE:TRP) Price Target Raised to C$78.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by Raymond James Financial from C$74.00 to C$78.00 in a research note published on Monday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Jefferies Financial Group boosted their price target on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Scotiabank lifted their target price on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. ATB Cormark Capital Markets upped their price target on shares of TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. TD Securities cut shares of TC Energy from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$84.00 to C$88.00 in a research note on Tuesday, February 17th. Finally, National Bank Financial boosted their price objective on shares of TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average price target of C$86.18.

TC Energy Stock Down 0.8%

TRP stock opened at C$86.43 on Monday. 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 firm has a market capitalization of C$90.04 billion, a PE ratio of 26.43, a PEG ratio of 1.69 and a beta of 0.83. TC Energy has a 1-year low of C$62.17 and a 1-year high of C$89.68. The business’s 50 day simple moving average is C$84.80 and its 200 day simple moving average is C$78.07.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly 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 for the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. As a group, research analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Buying and Selling at TC Energy

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the sale, the insider directly owned 18,490 shares in the company, valued at C$1,640,617.70. This represents a 57.82% decrease in their position. Company insiders own 0.03% of the company’s stock.

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.