TC Energy Corporation (NYSE: TRP): Analyst View Points To Future Growth

TC Energy Corporation (TRP) concluded trading on 01/11/24 at a closing price of $39.37, with 3.09 million shares of worth about $121.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.20% during that period and on Thursday the price saw a loss of about -0.68%. Currently the company’s common shares owned by public are about 1.04B shares, out of which, 1.04B shares are available for trading.

TC Energy Corporation (NYSE: TRP) started trading at $39.75, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 39.82, or with a loss of -0.68%. Stock saw a price change of -0.88% in past 5 days and over the past one month there was a price change of 2.31%. Year-to-date (YTD), TRP shares are showing a performance of 0.72% which decreased to -3.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.51 but also hit the highest price of $45.18 during that period. The average intraday trading volume for TC Energy Corporation shares is 2.57 million. The stock is currently trading -0.21% below its 20-day simple moving average (SMA20), while that difference is up 4.14% for SMA50 and it goes to 3.35% higher than SMA200.

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TC Energy Corporation (NYSE: TRP) currently have 1.04B outstanding shares and institutions hold larger chunk of about 81.81% of that.

The stock has a current market capitalization of $40.83B and its 3Y-monthly beta is at 0.78. It has posted earnings per share of -$0.06 in the same period. It has Quick Ratio of 0.75 while making debt-to-equity ratio of 1.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRP, volatility over the week remained 1.50% while standing at 1.44% over the month.

Analysts are in expectations that TC Energy Corporation (TRP) stock would likely to be making an EPS of $0.84 in the current quarter, while forecast for next quarter EPS is $0.84 and it is $3.02 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.66 which is $0.98 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.83 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -3.56% while it is estimated to decrease by -5.20% in next year. EPS is likely to grow at an annualized rate of -2.80% for next 5-years, compared to annual growth of -28.51% made by the stock over the past 5-years.

Analysts at 23 brokerage firms have issued recommendations for the TC Energy Corporation (TRP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.52. Out of those 23 Wall Street analysts, 7 recommended a “Buy” rating, while 13 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.

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