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

Royal Bank Of Canada upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) to a moderate buy rating in a research report report published on Friday morning,Zacks reports.

Other equities research analysts have also issued research reports about the stock. National Bank Financial upped their target price on shares of TC Energy from C$102.00 to C$103.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. ATB Cormark Capital Markets raised their price target on shares of TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Morgan Stanley downgraded shares of 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. Finally, Barclays raised their target price on shares of TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$95.64.

TC Energy Stock Performance

Shares of TSE:TRP opened at C$84.31 on Friday. 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’s 50 day moving average price is C$91.24 and its 200-day moving average price is C$90.77. The firm has a market capitalization of C$87.83 billion, a PE ratio of 25.24, a P/E/G ratio of 1.69 and a beta of 0.68. TC Energy has a 1 year low of C$69.41 and a 1 year high of C$100.18.

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

Insider Activity at TC Energy

In other news, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction on Wednesday, June 24th. The stock was 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 corporate insiders.

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.