At the time of writing, TC Energy Corporation [TRP] stock is trading at $44.34, down -0.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The TRP shares have lost -2.64% over the last week, with a monthly amount drifted -2.21%, 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.
For the past year, the stock price of TC Energy Corporation fluctuated between $31.84 and $50.37. 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 $44.34 at the most recent close of the market. An investor can expect a potential return of 15.65% based on the average TRP price forecast.
Analyzing the TRP fundamentals
According to TC Energy Corporation [NYSE:TRP], the company’s sales were 11.56B for trailing twelve months, which represents an -0.83% plunge. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.17.
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 43.93 points at the first support level, and at 43.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.71, and for the 2nd resistance point, it is at 45.09.
Ratios To Look Out For
It is important to note that TC Energy Corporation [NYSE:TRP] has a current ratio of 0.55. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 3.99, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 13.70.
