TC Energy Corporation [NYSE: TRP] gained 1.12% or 0.52 points to close at $46.89 with a heavy trading volume of 3468782 shares.
The daily chart for TRP points out that the company has recorded 28.89% gains over the past six months.
If we look at the average trading volume of 2.04M shares, TRP reached to a volume of 3468782 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about TC Energy Corporation [TRP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRP shares is $50.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRP stock is a recommendation set at 2.32. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Securities have made an estimate for TC Energy Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Jan-16-25. The new note on the price target was released on October 25, 2024, representing the official price target for TC Energy Corporation stock.
The Average True Range (ATR) for TC Energy Corporation is set at 0.88, with the Price to Sales ratio for TRP stock in the period of the last 12 months amounting to 4.20. The Price to Book ratio for the last quarter was 2.35, with the Price to Cash per share for the same quarter was set at 7.12. Price to Free Cash Flow for TRP in the course of the last twelve months was 51.23 with Quick ratio for the last quarter at 1.23.
Trading performance analysis for TRP stock
TC Energy Corporation [TRP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.84. With this latest performance, TRP shares gained by 0.24% in over the last four-week period, additionally plugging by 28.89% over the last 6 months – not to mention a rise of 30.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRP stock in for the last two-week period is set at 49.39, with the RSI for the last a single of trading hit 50.60, and the three-weeks RSI is set at 49.53 for TC Energy Corporation [TRP]. The present Moving Average for the last 50 days of trading for this stock 47.69, while it was recorded at 46.74 for the last single week of trading, and 40.77 for the last 200 days.
TC Energy Corporation [TRP]: A deeper dive into fundamental analysis
TC Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.31.
TC Energy Corporation [TRP]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TC Energy Corporation go to -3.05%.
An analysis of Institutional ownership at TC Energy Corporation [TRP]
There are presently around $78.91%, or 78.94%% of TRP stock, in the hands of institutional investors. The top three institutional holders of TRP stocks are: ROYAL BANK OF CANADA with ownership of 93.44 million shares, which is approximately 9.0108%. CAPITAL RESEARCH GLOBAL INVESTORS, holding 53.67 million shares of the stock with an approximate value of $$2.03 billion in TRP stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $$1.96 billion in TRP stock with ownership which is approximately 4.9911%.
