TC Energy (TSE:TRP) Stock Rating Upgraded by The Goldman Sachs Group

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

A number of other analysts have also weighed in on TRP. ATB Cormark Capital Markets raised their target price on shares of TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. TD Securities raised TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. TD raised TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 target price for the company in a report on Tuesday, September 15th. Scotiabank set a C$105.00 price target on TC Energy and gave the company a “sector outperform” rating in a research note on Tuesday, September 22nd. Finally, National Bank Financial upped their price objective on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$95.64.

TC Energy Trading Up 1.2%

Shares of TRP stock opened at C$83.41 on Wednesday. The stock has a market cap of C$86.89 billion, a P/E ratio of 24.97, a price-to-earnings-growth 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. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63. The stock has a 50 day simple moving average of C$87.69 and a 200 day simple moving average of C$90.54.

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. 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. On average, research analysts predict that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

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.