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

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by stock analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research report issued on Sunday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Raymond James Financial upped their price objective on TC Energy from C$74.00 to C$78.00 in a research note on Monday, March 30th. ATB Cormark Capital Markets upped their price objective on TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Jefferies Financial Group upped their price objective on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Scotiabank upped their price objective on TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, Citigroup upped their price objective on TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a research note on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average target price of C$86.18.

TC Energy Stock Up 0.1%

TRP stock opened at C$83.03 on Friday. The stock has a market capitalization of C$86.50 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 223.25. TC Energy has a 12 month low of C$63.34 and a 12 month high of C$90.27. The firm has a 50-day moving average price of C$86.53 and a 200-day moving average price of C$79.24.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The firm had revenue of C$4.17 billion during the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. As a group, equities research analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dawn Elizabeth De Lima sold 25,342 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the sale, the insider owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their position. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.