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TC Energy (TRP) Stock Forecast & Price Target

TC Energy logo
$46.30
-0.21 (-0.45%)
(As of 11/1/2024 ET)

TC Energy - Analysts' Recommendations and Stock Price Forecast (2024)

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

Sell
2
Hold
1
Buy
5

Based on 8 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 8 analysts, 2 have given a sell rating, 1 has given a hold rating, and 5 have given a buy rating for TRP.

Consensus Price Target

$48.50
4.75% Upside
According to the 8 analysts' twelve-month price targets for TC Energy, the average price target is $48.50. The highest price target for TRP is $55.00, while the lowest price target for TRP is $42.00. The average price target represents a forecasted upside of 4.75% from the current price of $46.30.
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TRP Analyst Ratings Over Time

TypeCurrent Forecast
11/3/23 to 11/2/24
1 Month Ago
10/4/23 to 10/3/24
3 Months Ago
8/5/23 to 8/4/24
1 Year Ago
11/3/22 to 11/3/23
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)
4 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
Hold
1 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$48.50$43.50$44.67$51.20
Forecasted Upside4.75% Upside-1.89% Downside4.43% Upside40.25% 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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

TC Energy Stock vs. The Competition

TypeTC EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.38
2.64
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside4.75% Upside1,529.37% Upside10.52% Upside
News Sentiment Rating
Positive News

See Recent TRP News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/25/2024Morgan Stanley
3 of 5 stars
 UpgradeUnderweight ➝ Overweight
10/21/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetSell ➝ Sell$38.00 ➝ $42.00-11.28%
10/14/2024JPMorgan Chase & Co.
3 of 5 stars
 UpgradeNeutral ➝ Overweight
10/8/2024Veritas
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D. Mccoubrey
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UpgradeStrong Sell
9/30/2024UBS Group
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M. Gupta
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UpgradeNeutral ➝ Buy
7/17/2024Barclays
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T. Chen
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UpgradeEqual Weight ➝ Overweight
2/27/2024Jefferies Financial Group
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 Initiated CoverageHold
1/18/2024Stifel Nicolaus
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 Initiated CoverageBuy
10/25/2023Wells Fargo & Company
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 UpgradeEqual Weight ➝ Overweight
10/17/2023Wolfe Research
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 UpgradeUnderperform ➝ Peer Perform
7/31/2023Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$65.00 ➝ $54.00+51.18%
7/31/2023Scotiabank
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 Lower TargetOutperform ➝ Outperform$64.00 ➝ $55.00+53.98%
7/28/2023TD Securities
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 DowngradeBuy ➝ Hold$62.00 ➝ $50.00+39.70%
7/28/2023National Bank Financial
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P. Kenny
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UpgradeSector Perform ➝ Outperform
7/28/2023BMO Capital Markets
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 DowngradeOutperform ➝ Market Perform
7/24/2023CIBC
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 DowngradeSector Outperform ➝ Neutral
2/2/2023Credit Suisse Group
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 Lower TargetC$63.00 ➝ C$60.50
1/6/2023Raymond James
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 UpgradeMarket Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:30 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 Thursday, October 24, 2024. Please send any questions or comments about these TC Energy pros and cons to contact@marketbeat.com.

TC Energy
Bull Case

green Wall Street bull icon

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

  • TC Energy Co. has shown consistent growth in its stock price, currently trading at $47.90, with a 12-month high of $48.13.
  • Positive analyst ratings with an average price target of $43.50, indicating potential for further upside.
  • Strong institutional investor interest, with notable firms like Point72 Asset Management L.P. and Duff & Phelps Investment Management Co. increasing their stakes in the company.
  • TC Energy Co. has a diversified portfolio in the energy sector, providing stability and potential for long-term growth.
  • Stable financial metrics including a reasonable PE ratio of 24.58 and a healthy current ratio of 0.76, indicating good financial health.

TC Energy
Bear Case

red Wall Street bear icon

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

  • TC Energy Co. stock has experienced recent fluctuations, indicating potential volatility in the short term.
  • Debt-to-equity ratio of 1.57 may raise concerns about the company's leverage and financial risk.
  • TC Energy Co. faces regulatory and environmental challenges in the pipeline industry, which could impact future operations.
  • The company's P/E ratio of 24.10 and P/E/G ratio of 3.82 may suggest the stock is currently overvalued.
  • Market uncertainties and geopolitical factors could affect TC Energy Co.'s performance and stock price in the near future.

TRP Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for TC Energy is $48.50, with a high forecast of $55.00 and a low forecast of $42.00.

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 2 sell ratings, 1 hold rating 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 4.75% 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 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.


This page (NYSE:TRP) was last updated on 11/2/2024 by MarketBeat.com Staff
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