TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Tuesday, BayStreet reports. The firm currently has a C$102.00 price target on the stock, up from their prior price target of C$100.00. Jefferies Financial Group’s price target suggests a potential upside of 16.97% from the stock’s previous close.
Other research analysts have also issued reports about the company. 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 report on Friday, July 31st. Royal Bank Of Canada lifted their target price on TC Energy from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. TD upped their price target on shares of TC Energy from C$100.00 to C$102.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, 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. 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 an average target price of C$95.64.
Check Out Our Latest Stock Analysis on TC Energy
TC Energy Stock Performance
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last posted its earnings results on Thursday, July 30th. The company reported C$0.94 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%. On average, sell-side analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s 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 owned by corporate insiders.
TC Energy Company Profile
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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