A share price of TC Energy Corporation [TRP] is currently trading at $47.44, up 1.11%. 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 2.48% over the last week, with a monthly amount glided 5.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TC Energy Corporation [NYSE: TRP] stock has seen the most recent analyst activity on October 25, 2024, when Morgan Stanley upgraded its rating to a Overweight. Previously, JP Morgan upgraded its rating to Overweight on October 14, 2024. On September 30, 2024, upgrade upgraded it’s rating to Buy. Barclays upgraded its rating to a Overweight. Jefferies initiated its recommendation with a Hold. In a note dated October 25, 2023, Wells Fargo upgraded an Overweight rating on this stock.
TC Energy Corporation experienced fluctuations in its stock price throughout the past year between $31.84 and $48.25. Currently, Wall Street analysts expect the stock to reach $51.28 within the next 12 months. TC Energy Corporation [NYSE: TRP] shares were valued at $47.44 at the most recent close of the market. An investor can expect a potential return of 8.09% based on the average TRP price forecast.
Analyzing the TRP fundamentals
Trailing Twelve Months sales for TC Energy Corporation [NYSE:TRP] were 11.56B which represents 6.10% growth. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.16.
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 47.00 points at the first support level, and at 46.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.71, and for the 2nd resistance point, it is at 47.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TC Energy Corporation [NYSE:TRP] is 0.76. Further, the Quick Ratio stands at 0.68, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 5.92, the price to book ratio is 2.44 and price to earnings (TTM) ratio is 19.50.
