Stock analysts at Raymond James started coverage on shares of TC Energy (TSE:TRP) (NYSE:TRP) in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. The firm set a “strong-buy” rating and a C$67.50 price target on the stock. Raymond James’ price objective suggests a potential upside of 12.61% from the stock’s current price.
TRP has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their target price on TC Energy from C$67.00 to C$68.00 and gave the stock a “neutral” rating in a research note on Friday, December 3rd. BMO Capital Markets restated an “outperform” rating on shares of TC Energy in a research note on Tuesday, September 21st. Tudor Pickering restated a “hold” rating and issued a C$63.00 target price on shares of TC Energy in a research note on Thursday, December 2nd. CIBC reduced their target price on TC Energy from C$74.00 to C$72.00 and set an “outperform” rating for the company in a research note on Thursday, December 2nd. Finally, Tudor Pickering & Holt set a C$63.00 target price on TC Energy and gave the stock a “hold” rating in a research note on Thursday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$67.58.
Shares of TRP traded up C$0.48 during midday trading on Wednesday, hitting C$59.94. 944,824 shares of the company’s stock traded hands, compared to its average volume of 4,337,968. TC Energy has a 1 year low of C$51.10 and a 1 year high of C$68.20. The firm’s fifty day moving average is C$62.43 and its 200-day moving average is C$61.93. The company has a current ratio of 0.51, a quick ratio of 0.35 and a debt-to-equity ratio of 168.01. The stock has a market capitalization of C$58.80 billion and a price-to-earnings ratio of 31.76.
TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, November 5th. The company reported C$0.99 EPS for the quarter, beating the consensus estimate of C$0.98 by C$0.01. The business had revenue of C$3.24 billion for the quarter. On average, equities research analysts anticipate that TC Energy will post 4.2500002 EPS for the current year.
In other news, Director Andrea E. Jalbert sold 9,496 shares of the firm’s stock in a transaction dated Monday, December 20th. The stock was sold at an average price of C$58.59, for a total transaction of C$556,333.61. Following the sale, the director now directly owns 2,055 shares in the company, valued at approximately C$120,394.44.
About TC Energy
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 93,400 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.