National Bankshares Raises TC Energy (TSE:TRP) Price Target to C$58.00

TC Energy (TSE:TRPGet Free Report) (NYSE:TRP) had its price target lifted by stock analysts at National Bankshares from C$54.00 to C$58.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 9.35% from the stock’s previous close.

Several other analysts have also recently weighed in on TRP. CIBC boosted their price target on TC Energy from C$54.00 to C$55.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. UBS Group lifted their price objective on TC Energy from C$45.00 to C$47.00 in a research note on Monday, October 16th. Wells Fargo & Company raised their price target on shares of TC Energy from C$54.00 to C$57.00 in a report on Thursday, December 14th. Stifel Nicolaus set a C$61.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of TC Energy from C$57.00 to C$55.00 in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and a consensus price target of C$55.35.

Read Our Latest Analysis on TC Energy

TC Energy Price Performance

Shares of TSE:TRP opened at C$53.04 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.40 and a debt-to-equity ratio of 193.59. The stock has a market capitalization of C$55.16 billion, a PE ratio of -378.86, a PEG ratio of 0.70 and a beta of 0.80. The firm has a 50 day moving average of C$52.26 and a 200-day moving average of C$49.87. TC Energy has a 12 month low of C$43.70 and a 12 month high of C$57.47.

TC Energy (TSE:TRPGet Free Report) (NYSE:TRP) last issued its earnings results on Wednesday, November 8th. The company reported C$1.00 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.03. TC Energy had a return on equity of 0.11% and a net margin of 0.07%. The firm had revenue of C$3.94 billion during the quarter, compared to the consensus estimate of C$3.23 billion. On average, equities research analysts predict that TC Energy will post 4.1698113 EPS for the current fiscal year.

Insider Transactions at TC Energy

In other TC Energy news, Senior Officer Christine R. Johnston sold 845 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of C$53.30, for a total transaction of C$45,038.50. In other TC Energy news, Senior Officer Christine R. Johnston sold 845 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of C$53.30, for a total value of C$45,038.50. Also, Director Troy Tally sold 900 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of C$38.11, for a total transaction of C$34,299.99. Insiders sold 3,690 shares of company stock worth $179,330 over the last quarter. Corporate insiders own 0.04% of the company’s stock.

About TC Energy

(Get Free Report)

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 93,700 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.

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Analyst Recommendations for TC Energy (TSE:TRP)

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