RBC Capital analyst Robert Kwan maintained a Buy rating on TC Energy (TRP – Research Report) on January 11 and set a price target of C$73.00. The company’s shares closed yesterday at $42.27.
According to TipRanks, Kwan is ranked #116 out of 8199 analysts.
Currently, the analyst consensus on TC Energy is a Hold with an average price target of $47.53, implying a 12.44% upside from current levels. In a report released on January 6, Raymond James also upgraded the stock to a Buy with a C$63.00 price target.
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Based on TC Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.64 billion and a net profit of $922 million. In comparison, last year the company earned a revenue of $3.18 billion and had a net profit of $1.01 billion
Based on the recent corporate insider activity of 185 insiders, corporate insider sentiment is neutral on the stock.
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Canada-based TC Energy Corporation is an energy infrastructure company. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage.
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