J.P. Morgan Sticks to Its Hold Rating for TC Energy (TRP)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on TC Energy (TRP – Research Report) yesterday and set a price target of C$59.00. The company’s shares closed yesterday at $36.00.

According to TipRanks, Tonet is a 4-star analyst with an average return of 5.1% and a 55.79% success rate. Tonet covers the Energy sector, focusing on stocks such as Targa Resources, Kodiak Gas Services, Inc., and Oneok.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TC Energy with a $42.78 average price target.

TRP market cap is currently $37.29B and has a P/E ratio of 17.69.

Based on the recent corporate insider activity of 158 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRP in relation to earlier this year.

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TC Energy (TRP) Company Description:

Canada-based TC Energy Corporation is an energy infrastructure company. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage.