Don't Judge TC Energy on Technicals Alone - Check Its Fundamentals!

By Tamara Parker • Wednesday, October 18 09:53 • Permanent Link

Large-cap Utilities company TC Energy has moved -1.4% so far today on a volume of 140,157, compared to its average of 3,421,514. In contrast, the S&P 500 index moved -1.0%.

TC Energy trades -20.09% away from its average analyst target price of $43.34 per share. The 7 analysts following the stock have set target prices ranging from $27.99 to $71.96, and on average have given TC Energy a rating of hold.

Anyone interested in buying TRP should be aware of the facts below:

TC Energy's current price is 47.0% above its Graham number of $23.56, which implies that at its current valuation it does not offer a margin of safety
TC Energy has moved -17.0% over the last year, and the S&P 500 logged a change of 19.0%
Based on its trailing earnings per share of 0.65, TC Energy has a trailing 12 month Price to Earnings (P/E) ratio of 53.3 while the S&P 500 average is 15.97
TRP has a forward P/E ratio of 11.7 based on its forward 12 month price to earnings (EPS) of $2.97 per share
The company has a price to earnings growth (PEG) ratio of -29.74 — a number near or below 1 signifying that TC Energy is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 1.14 compared to its sector average of 1.03
TC Energy Corporation operates as an energy infrastructure company in North America.
Based in Calgary, the company has 7,477 full time employees and a market cap of $34.79 Billion. TC Energy currently returns an annual dividend yield of 10.4%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.