A share price of TC Energy Corporation [TRP] is currently trading at $40.27, up 0.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TRP shares have gain 1.82% over the last week, with a monthly amount glided 5.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On October 25, 2023, upgrade upgraded it’s rating to Overweight. Wolfe Research upgraded its rating to a Peer Perform. Wells Fargo upgraded its rating to Equal Weight for this stock on September 08, 2023. In a note dated July 28, 2023, National Bank Financial upgraded an Outperform rating on this stock.
TC Energy Corporation experienced fluctuations in its stock price throughout the past year between $32.51 and $42.76. Currently, Wall Street analysts expect the stock to reach $52.06 within the next 12 months. TC Energy Corporation [NYSE: TRP] shares were valued at $40.27 at the most recent close of the market. An investor can expect a potential return of 29.28% based on the average TRP price forecast.
Analyzing the TRP fundamentals
Trailing Twelve Months sales for TC Energy Corporation [NYSE:TRP] were 11.13B which represents 2.54% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.12 points at the first support level, and at 39.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.41, and for the 2nd resistance point, it is at 40.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TC Energy Corporation [NYSE:TRP] is 0.96. As well, the Quick Ratio is 0.88, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 3.75, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 19.88.
