TC Energy (TRP) Stock Forecast & Price Target

$47.39 +1.22 (+2.65%)

As of 01/17/2025 03:59 PM Eastern

TC Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 9 Analyst Ratings

Sell
2

Hold
2

Buy
5

Based on 9 Wall Street analysts who have issued ratings for TC Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 2 have given a sell rating, 2 have given a hold rating, and 5 have given a buy rating for TRP.

Consensus Price Target

$55.67
17.46% Upside

According to the 9 analysts' twelve-month price targets for TC Energy, the average price target is $55.67. The highest price target for TRP is $70.00, while the lowest price target for TRP is $42.00. The average price target represents a forecasted upside of 17.46% from the current price of $47.39.

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TRP Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$55.67	$55.67	$48.50	$51.40
Forecasted Upside	17.46% Upside	21.57% Upside	2.31% Upside	32.51% Upside
Consensus Rating	Hold	Hold	Hold	Hold

TRP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TRP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

TC Energy Stock vs. The Competition

Type	TC Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.33	2.61	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	17.46% Upside	1,831.93% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent TRP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/15/2025	TD Securities 4 of 5 stars	L. Ezergailis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
11/20/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$66.00 ➝ $70.00	+42.28%
10/25/2024	Morgan Stanley 3 of 5 stars		Upgrade	Underweight ➝ Overweight
10/21/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$38.00 ➝ $42.00	-11.28%
10/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
10/8/2024	Veritas Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mccoubrey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
9/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
7/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
2/27/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
1/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
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10/25/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
10/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
7/31/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$65.00 ➝ $54.00	+51.18%
7/31/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$64.00 ➝ $55.00	+53.98%
7/28/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Kenny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
7/24/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral
2/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$63.00 ➝ C$60.50

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:21 PM ET.

Should I Buy TC Energy Stock? TRP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, January 14, 2025. Please send any questions or comments about these TC Energy pros and cons to contact@marketbeat.com.

TC Energy
Bull Case

Here are some ways that investors could benefit from investing in TC Energy Co.:

Recent earnings report showed a strong performance with an EPS of $0.76, exceeding the consensus estimate of $0.70, indicating robust profitability.
TC Energy Co. has increased its quarterly dividend to $0.822, reflecting a commitment to returning value to shareholders, which translates to an annualized yield of 6.88%.
The stock has received positive ratings from analysts, with several upgrades, including a recent upgrade to "overweight" from JPMorgan Chase & Co., suggesting potential for price appreciation.
Institutional ownership is high at 83.13%, indicating strong confidence from large investors, which can be a positive signal for retail investors.
The current stock price is around $55.67, which is below some analysts' target prices, suggesting potential upside for investors looking for growth opportunities.

TC Energy
Bear Case

Investors should be bearish about investing in TC Energy Co. for these reasons:

Despite the positive earnings, the stock has received a "sell" rating from Goldman Sachs, indicating some analysts believe the stock may not perform well in the near term.
The dividend payout ratio is currently at 67.31%, which, while sustainable, may limit the company's ability to reinvest in growth opportunities.
Market volatility and regulatory challenges in the energy sector could impact TC Energy Co.'s operations and profitability, posing risks to investors.
Recent price targets from analysts vary significantly, with some suggesting a lower target, which may create uncertainty about the stock's future performance.
High institutional ownership can also lead to volatility, as large investors may sell off shares quickly in response to market changes, affecting stock price stability.

TRP Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for TC Energy is $55.67, with a high forecast of $70.00 and a low forecast of $42.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRP, but not buy additional shares or sell existing shares.
: According to analysts, TC Energy's stock has a predicted upside of 17.46% based on their 12-month stock forecasts.
: Over the previous 90 days, TC Energy's stock had 1 upgrade by analysts.
: TC Energy has been rated by research analysts at BMO Capital Markets, Morgan Stanley, and TD Securities in the past 90 days.
: Analysts like TC Energy less than other "oils/energy" companies. The consensus rating for TC Energy is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how TRP compares to other companies.

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This page (NYSE:TRP) was last updated on 1/20/2025 by MarketBeat.com Staff

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TC Energy (TRP) Stock Forecast & Price Target