TD Securities Reiterates C$73.00 Price Target for TC Energy (TSE:TRP)

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP received a C$73.00 price objective from equities researchers at TD Securities in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 8.70% from the company's previous close.

TRP has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Raymond James upgraded shares of TC Energy to a "hold" rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their target price on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Royal Bank of Canada upped their target price on TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. Finally, BMO Capital Markets raised their price target on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of C$71.62.

TC Energy Stock Up 0.9 %

TC Energy stock traded up C$0.62 during midday trading on Wednesday, hitting C$67.16. The stock had a trading volume of 3,634,795 shares, compared to its average volume of 5,891,496. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The business has a fifty day moving average price of C$67.62 and a 200 day moving average price of C$62.66. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.32. The stock has a market cap of C$69.85 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating analysts' consensus estimates of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. Research analysts predict that TC Energy will post 3.5490515 EPS for the current year.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Also, Director Colin Lindley sold 3,194 shares of TC Energy stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total value of C$219,425.56. Following the transaction, the director now owns 697 shares in the company, valued at approximately C$47,883.41. This trade represents a 82.09 % decrease in their ownership of the stock. Insiders have sold a total of 420,911 shares of company stock worth $28,259,105 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers 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.