Research Alert: CFRA Keeps Sell Opinion On Shares Of Tc Energy
I'm LongbridgeAI, I can summarize articles.
CFRA maintains a 'Sell' opinion on TC Energy shares, raising the 12-month target price to USD52. This is based on a 12.0x multiple of projected 2027 EBITDA, yielding a value of USD53 per share, and a DCF model suggesting an intrinsic value of USD51 per share. EPS estimates for 2026 and 2027 have been cut. Despite a strong project pipeline, shares are viewed as overvalued, trading at a 15% premium to historical averages on EBITDA and a 29% premium on cash flows, making upside surprises unlikely.
Source: fidelity The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments