TC Energy (TSE:TRP) Upgraded at TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

TRP has been the subject of several other reports. Scotiabank increased their price target on TC Energy from C$97.00 to C$105.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a research note on Wednesday, June 10th. Jefferies Financial Group raised TC Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from C$100.00 to C$102.00 in a research report on Tuesday, September 1st. ATB Cormark Capital Markets raised their target price on TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Finally, US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$95.64.

TC Energy Price Performance

TC Energy stock opened at C$85.05 on Monday. TC Energy has a 52-week low of C$69.41 and a 52-week high of C$100.18. The firm has a fifty day moving average of C$91.04 and a 200-day moving average of C$90.79. The firm has a market capitalization of C$88.60 billion, a P/E ratio of 25.46, a PEG ratio of 1.69 and a beta of 0.68. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$3.96 billion for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. As a group, analysts predict that TC Energy will post 3.5490515 EPS for the current year.

Insider Activity at TC Energy

In other news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. Company insiders own 0.03% of the company’s stock.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.