Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for TC Energy Corp (NYSE: TRP) improved recently. TRP’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/12/24, TC Energy Corp (NYSE: TRP) stock rose slightly by 0.3%, closing at $39.47. Moreover, this advance was accompanied by above average trading volume at 123% of normal. The stock has performed in line with the market over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRP is expected to continue to be an important Value Builder.
TC Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. TC Energy has a slightly positive Power Rating of 62 and a slightly positive Appreciation Score of 66, leading to the Positive Value Trend Rating.
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