TC Energy (TSE:TRP) PT Raised to C$60.00 at Credit Suisse Group

Posted by Defense World Staff on May 18th, 2023

TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) had its target price hoisted by equities research analysts at Credit Suisse Group from C$59.50 to C$60.00 in a research report issued on Tuesday, The Fly reports. Credit Suisse Group’s price objective points to a potential upside of 10.29% from the company’s previous close.

Several other research firms also recently commented on TRP. Royal Bank of Canada lowered their target price on shares of TC Energy from C$73.00 to C$65.00 in a report on Thursday, February 2nd. Raymond James lowered their target price on shares of TC Energy from C$63.00 to C$62.00 in a report on Friday, February 3rd. Scotiabank lowered their target price on shares of TC Energy from C$67.00 to C$66.00 in a report on Thursday, February 2nd. CSFB lowered their target price on shares of TC Energy from C$60.50 to C$59.50 in a report on Tuesday, April 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of TC Energy from C$63.00 to C$62.00 in a report on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$61.66.

TC Energy Price Performance

Shares of TSE:TRP opened at C$54.40 on Tuesday. The company has a debt-to-equity ratio of 183.26, a current ratio of 0.74 and a quick ratio of 0.40. TC Energy has a 1-year low of C$50.70 and a 1-year high of C$74.44. The company has a market capitalization of C$54.40 billion, a P/E ratio of 34.65, a P/E/G ratio of 0.77 and a beta of 0.86. The firm’s 50 day simple moving average is C$54.52 and its two-hundred day simple moving average is C$56.56.

TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last issued its quarterly earnings results on Tuesday, February 14th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate of C$1.12 by C($0.01). TC Energy had a net margin of 11.00% and a return on equity of 5.11%. The firm had revenue of C$4.04 billion for the quarter. Research analysts expect that TC Energy will post 4.3182862 EPS for the current fiscal year.

Insider Buying and Selling at TC Energy

In other news, Senior Officer Patrick M. Keys acquired 1,000 shares of the business’s stock in a transaction on Friday, February 17th. The shares were acquired at an average price of C$56.85 per share, for a total transaction of C$56,851.00. In related news, Director Richard Prior purchased 1,300 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average cost of C$36.90 per share, for a total transaction of C$47,970.00. Also, Senior Officer Patrick M. Keys purchased 1,000 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was bought at an average price of C$56.85 per share, for a total transaction of C$56,851.00. Insiders have bought 3,148 shares of company stock worth $149,679 over the last quarter. Insiders own 0.06% of the company’s stock.

About TC Energy

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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 Storage. The company builds and operates 93,300 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.

TC Energy (TSE:TRP) PT Raised to C$60.00 at Credit Suisse Group

TC Energy Price Performance

Insider Buying and Selling at TC Energy

About TC Energy

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