RBC Capital analyst Robert Kwan maintained a Buy rating on TC Energy (NYSE:TRP) Corporation on Friday, setting a price target of C$81, which is approximately 32.57% above the present share price of $45.6.
Kwan expects TC Energy Corporation to post earnings per share (EPS) of $0.00 for the third quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in TC Energy, with an average price target of $55.12.
The analysts price targets range from a high of $69 to a low of $48.51.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.42 billion and a net profit of $1.69 billion. The company's market cap is $42.86 billion.
According to TipRanks.com, RBC Capital analyst Robert Kwan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.8% and a 70.96% success rate.
TC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural (NYSE:CNQ) Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Storage, and Corporate. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments on crude oil pipeline systems. The Power and Storage segment consists of power generation plants and non-regulated natural gas storage facilities. The company was founded on May 15, 2003 and is headquartered in Calgary, Canada.