TC Energy Corporation [TRP] stock prices are up 3.07% to $46.67 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TRP shares have gain 2.93% over the last week, with a monthly amount drifted -1.48%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Morgan Stanley upgraded its rating to Overweight on October 25, 2024. On October 14, 2024, upgrade upgraded it’s rating to Overweight. UBS upgraded its rating to a Buy. Barclays upgraded its rating to a Overweight. In a note dated January 18, 2024, Stifel initiated an Buy rating.
The stock price of TC Energy Corporation [TRP] has been fluctuating between $31.84 and $50.37 over the past year. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. TC Energy Corporation [NYSE: TRP] shares were valued at $46.67 at the most recent close of the market. An investor can expect a potential drop of -3.58% based on the average TRP price forecast.
Analyzing the TRP fundamentals
The TC Energy Corporation [NYSE:TRP] reported sales of 11.58B for trailing twelve months, representing a surge of 0.68%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.38.
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 46.04 points at the first support level, and at 45.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.06, and for the 2nd resistance point, it is at 47.46.
Ratios To Look Out For
It’s worth pointing out that TC Energy Corporation [NYSE:TRP]’s Current Ratio is 1.31. Also, the Quick Ratio is 1.23, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 4.18, the price to book ratio is 2.34 and price to earnings (TTM) ratio is 12.95.
