At the time of writing, TC Energy Corporation [TRP] stock is trading at $40.84, up 0.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TRP shares have gain 2.00% over the last week, with a monthly amount glided 6.60%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, TC Energy announces sale of Portland Natural Gas Transmission System. In a post published today on Yahoo Finance, Generates pre-tax cash equity proceeds of approximately $740 million (US$545 million) net to TC Energy.
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.
For the past year, the stock price of TC Energy Corporation fluctuated 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 $40.84 at the most recent close of the market. An investor can expect a potential return of 27.47% based on the average TRP price forecast.
Analyzing the TRP fundamentals
According to TC Energy Corporation [NYSE:TRP], the company’s sales were 11.13B for trailing twelve months, which represents an 2.54% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.14.
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 40.69 points at the first support level, and at 40.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.01, and for the 2nd resistance point, it is at 41.18.
TC Energy Corporation [TRP] reported earnings per share of $1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.83/share, meaning a difference of $0.17 and a surprise factor of 20.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.74 per share as compared to estimates of $0.72 per share, a difference of $0.02 representing a surprise of 2.80%.
Ratios To Look Out For
It is important to note that TC Energy Corporation [NYSE:TRP] has a current ratio of 0.96. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 3.81, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 20.16.
