TC Energy (TSE:TRP) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

by · The Markets Daily

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) was upgraded by equities researchers at Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Friday, Zacks reports.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective for the company. in a report on Wednesday, June 10th. ATB Cormark Capital Markets boosted their target price on TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Barclays upped their target price on TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Jefferies Financial Group raised TC Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. Finally, US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$95.64.

Read Our Latest Analysis on TC Energy

TC Energy Stock Performance

Shares of TSE:TRP opened at C$84.31 on Friday. The company has a market cap of C$87.83 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.69 and a beta of 0.68. The company has a 50-day moving average price of C$91.24 and a 200-day moving average price of C$90.77. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63. TC Energy has a 12 month low of C$69.41 and a 12 month high of C$100.18.

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last posted its earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. The company 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, equities analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Buying and Selling at TC Energy

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

TC Energy Company Profile

(Get Free Report)

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.

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