Analysts Offer Insights on Industrial Goods Companies: TC Energy (TRP) and Cargojet (OtherCGJTF)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on TC Energy (TRPResearch Report) and Cargojet (CGJTFResearch Report).

TC Energy (TRP)

Barclays analyst Theresa Chen maintained a Hold rating on TC Energy today and set a price target of C$55.00. The company’s shares closed last Wednesday at $42.80.

According to, Chen is a 5-star analyst with an average return of 15.5% and a 71.4% success rate. Chen covers the Industrial Goods sector, focusing on stocks such as Holly Energy Partners, Magellan Midstream, and Energy Transfer.

Currently, the analyst consensus on TC Energy is a Hold with an average price target of $47.28.

See today’s best-performing stocks on TipRanks >>

Cargojet (CGJTF)

In a report released today, Kevin Chiang from CIBC maintained a Buy rating on Cargojet, with a price target of C$196.00. The company’s shares closed last Tuesday at $90.53, close to its 52-week low of $79.14.

According to, Chiang is a 4-star analyst with an average return of 4.4% and a 54.7% success rate. Chiang covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Andlauer Healthcare Group, and Martinrea International.

Cargojet has an analyst consensus of Strong Buy, with a price target consensus of $146.03, implying a 64.9% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$247.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on TRP:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More