TC Energy (TSE:TRP) Upgraded at TD

TD upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a hold rating to a buy rating in a report released on Tuesday morning,BayStreet reports. TD currently has C$102.00 target price on the stock.

A number of other brokerages have also recently issued reports on TRP. Barclays raised their target price on TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. TD Securities upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. BMO Capital Markets lifted their price objective on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada upgraded shares of TC Energy to a “moderate buy” rating in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$95.64.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$86.14 on Tuesday. The firm has a fifty day moving average of C$90.34 and a two-hundred day moving average of C$90.76. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market capitalization of C$89.74 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.69 and a beta of 0.68. TC Energy has a 52 week low of C$69.41 and a 52 week high of C$100.18.

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

Insider Buying and Selling

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

About TC Energy

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.