TC Energy (TSE:TRP) PT Raised to C$52.00 at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by analysts at Jefferies Financial Group from C$51.00 to C$52.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 1.07% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. National Bankshares raised their price target on shares of TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Barclays raised their target price on TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. TD Securities upped their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. CIBC raised their price objective on TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada decreased their target price on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$54.50.

TC Energy Stock Performance

Shares of TSE TRP opened at C$51.45 on Monday. TC Energy has a one year low of C$43.70 and a one year high of C$56.75. The business’s 50-day moving average price is C$52.29 and its two-hundred day moving average price is C$51.75. The company has a debt-to-equity ratio of 162.75, a current ratio of 0.94 and a quick ratio of 0.40. The company has a market capitalization of C$53.51 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.24%. Analysts anticipate that TC Energy will post 4.192339 earnings per share for the current fiscal year.

Insider Activity at TC Energy

In other news, Director Alexis A.J. Hudy purchased 875 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of C$54.97 per share, for a total transaction of C$48,098.75. Following the completion of the purchase, the director now directly owns 875 shares of the company’s stock, valued at approximately C$48,098.75. In other TC Energy news, Senior Officer Dawn Elizabeth De Lima acquired 750 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of C$54.48 per share, for a total transaction of C$40,860.00. Also, Director Alexis A.J. Hudy bought 875 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of C$54.97 per share, for a total transaction of C$48,098.75. Following the completion of the transaction, the director now owns 875 shares in the company, valued at approximately C$48,098.75. Over the last 90 days, insiders purchased 4,526 shares of company stock worth $248,609. Company insiders own 0.04% of the company’s stock.

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.