TC Energy Co. (TSE:TRP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$96.29.

TRP has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$71.00 price objective on the stock in a research note on Wednesday. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price for the company. in a research note on Wednesday, June 10th. ATB Cormark Capital Markets raised their target price on TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded TC Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. Finally, TD Securities raised TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th.

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TC Energy Trading Up 1.1%

Shares of TC Energy stock opened at C$84.31 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. TC Energy has a 12-month low of C$69.41 and a 12-month high of C$100.18. The company has a market capitalization of C$87.83 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.69 and a beta of 0.68. The firm’s 50-day moving average price is C$87.39 and its two-hundred day moving average price is C$90.49.

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last issued its earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The company had revenue of C$3.96 billion during the quarter. On average, analysts forecast that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Company Profile

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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.

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