TC Energy (TSE:TRP) PT Lowered to C$60.00 at JPMorgan Chase & Co.

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from C$66.00 to C$60.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 1.43% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group raised their price target on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. Barclays lifted their price target on shares of TC Energy from C$61.00 to C$64.00 in a report on Monday, August 19th. BMO Capital Markets lowered their price objective on shares of TC Energy from C$65.00 to C$55.00 and set a “market perform” rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of TC Energy from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, CIBC dropped their price objective on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

TC Energy Stock Performance

Shares of TSE:TRP traded down C$0.26 during trading on Tuesday, reaching C$60.87. 1,021,242 shares of the stock were exchanged, compared to its average volume of 6,668,953. The firm has a market cap of C$63.30 billion, a PE ratio of 18.39, a PEG ratio of 0.26 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a 12 month low of C$45.96 and a 12 month high of C$65.39. The stock has a 50-day moving average price of C$61.47 and a 200-day moving average price of C$55.69.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. Research analysts expect that TC Energy will post 4.4244068 EPS for the current fiscal year.

Insider Transactions at TC Energy

In other news, Director Richard Prior sold 18,068 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$63.00, for a total transaction of C$1,138,284.00. In related news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of TC Energy stock in a transaction on Tuesday, September 24th. The stock was acquired at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Richard Prior sold 18,068 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$63.00, for a total transaction of C$1,138,284.00. Insiders sold a total of 95,479 shares of company stock worth $5,860,018 over the last three months. 0.04% of the stock is owned by company 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.