BMO Capital Markets Lowers TC Energy (TSE:TRP) Price Target to C$55.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target decreased by investment analysts at BMO Capital Markets from C$65.00 to C$55.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential downside of 8.52% from the stock’s current price.

Several other analysts also recently commented on the company. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday. Scotiabank dropped their price objective on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. National Bankshares lifted their price objective on shares of TC Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Jefferies Financial Group increased their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a report on Monday. Finally, Barclays boosted their price target on shares of TC Energy from C$61.00 to C$64.00 in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$59.23.

TC Energy Stock Performance

Shares of TRP stock opened at C$60.12 on Wednesday. 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 firm has a fifty day simple moving average of C$61.41 and a two-hundred day simple moving average of C$55.64. TC Energy has a 12 month low of C$44.70 and a 12 month high of C$65.39. The firm has a market capitalization of C$62.52 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.09 billion during the quarter, compared to the consensus estimate of C$3.78 billion. Analysts forecast that TC Energy will post 4.4244068 EPS for the current fiscal year.

Insider Buying and Selling at TC Energy

In other news, Director Colin Lindley sold 2,773 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the completion of the transaction, the director now owns 697 shares in the company, valued at approximately C$41,413.16. In other TC Energy news, Director Rosemary K. Stevens sold 1,200 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the sale, the director now owns 987 shares of the company’s stock, valued at approximately C$59,101.56. Also, Director Colin Lindley sold 2,773 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total value of C$164,761.40. Following the completion of the transaction, the director now directly owns 697 shares of the company’s stock, valued at C$41,413.16. Over the last ninety days, insiders sold 95,479 shares of company stock valued at $5,860,018. 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.