TC Energy (TSE:TRP) Upgraded to Strong-Buy at TD Securities

TD Securities upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a hold rating to a strong-buy rating in a report released on Monday,Zacks reports.

TRP has been the subject of a number of other research reports. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. Royal Bank Of Canada raised shares of TC Energy to a “moderate buy” rating in a research note on Friday. National Bank Financial lifted their price objective on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Barclays boosted their price objective on shares of TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$95.64.

TC Energy Stock Performance

Shares of TRP opened at C$85.05 on Monday. 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 debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The business has a fifty day moving average of C$91.04 and a 200 day moving average of C$90.79. TC Energy has a one year low of C$69.41 and a one year high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly 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 return on equity of 13.07% and a net margin of 22.46%. As a group, sell-side analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Activity at TC Energy

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the 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. 0.03% of the stock is currently owned by company insiders.

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.