TC Energy (TRP) Stock Forecast & Price Target

$45.79 +0.46 (+1.01%)

(As of 12/20/2024 05:31 PM ET)

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
21.57% 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 21.57% from the current price of $45.79.

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TRP Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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)	3 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$55.67	$55.67	$43.50	$51.40
Forecasted Upside	21.57% Upside	11.65% Upside	-7.66% Downside	28.60% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	21.57% Upside	1,671.87% Upside	14.53% 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
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 2 of 5 stars		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
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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
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	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$62.00 ➝ $50.00	+39.70%
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
1/6/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:35 AM 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 Friday, December 13, 2024. 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 performance has exceeded expectations, with TC Energy Co. reporting $0.76 earnings per share, surpassing the consensus estimate of $0.70. This indicates strong operational efficiency and profitability.
The stock is currently priced at $48.93, which is near its 52-week high of $50.37, suggesting potential for further appreciation as market conditions improve.
TC Energy Co. has announced an increase in its quarterly dividend to $0.822 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend yield of 6.72%, which is attractive for income-focused investors.
Analysts have recently upgraded their earnings forecasts for TC Energy Co., with US Capital Advisors predicting an increase in earnings per share to $3.16 for FY2024, indicating positive growth prospects.
The company operates a diversified energy infrastructure portfolio across North America, which can provide stability and reduce risk associated with market fluctuations in any single region.

TC Energy
Bear Case

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

Despite recent upgrades, two analysts have rated the stock as a "sell," indicating some skepticism about its future performance and potential risks in the market.
The company has a relatively high debt-to-equity ratio of 1.78, which suggests that it relies significantly on debt financing. This could pose risks, especially in a rising interest rate environment.
Market analysts have mixed ratings on TC Energy Co., with an average rating of "Hold," which may indicate uncertainty about its growth trajectory compared to other investment opportunities.
Recent trading volumes have been below average, which could suggest a lack of investor interest or confidence in the stock at its current price levels.
While the dividend increase is positive, the payout ratio stands at 67.31%, which may limit the company's ability to reinvest in growth opportunities or weather economic downturns.

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 21.57% based on their 12-month stock forecasts.
: Over the previous 90 days, TC Energy's stock had 4 upgrades by analysts.
: TC Energy has been rated by research analysts at BMO Capital Markets, JPMorgan Chase & Co., Morgan Stanley, The Goldman Sachs Group, UBS Group, and Veritas 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 12/22/2024 by MarketBeat.com Staff

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TC Energy (TRP) Stock Forecast & Price Target