J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on TC Energy (NYSE:TRP) on Tuesday, setting a price target of C$67, which is approximately 8.80% above the present share price of $48.68.
Tonet expects TC Energy to post earnings per share (EPS) of $0.80 for the fourth quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in TC Energy, with an average price target of $55.18.
The analysts price targets range from a high of $70 to a low of $49.8.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.24 billion and a net profit of $1.28 billion. The company's market cap is $47.76 billion.
According to TipRanks.com, J.P. Morgan analyst Jeremy Tonet is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.8% and a 56.61% success rate.
Canada-based TC Energy Corporation is an energy infrastructure company. It operates through the following business segments: Canadian Natural (NYSE:CNQ) Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage.