TC Energy (TRP) Stock Forecast & Price Target

C$69.32 +0.76 (+1.11%)

As of 12:26 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

Moderate Buy

Based on 14 Analyst Ratings

Sell
1

Hold
6

Buy
7

Based on 14 Wall Street analysts who have issued ratings for TC Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a sell rating, 6 have given a hold rating, 5 have given a buy rating, and 2 have given a strong buy rating for TRP.

Consensus Price Target

C$72.50
4.59% Upside

According to the 14 analysts' twelve-month price targets for TC Energy, the average price target is C$72.50. The highest price target for TRP is C$79.00, while the lowest price target for TRP is C$65.00. The average price target represents a forecasted upside of 4.59% from the current price of C$69.32.

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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	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$72.50	C$69.77	C$60.58	C$55.00
Forecasted Upside	4.59% Upside	6.05% Upside	-7.53% Downside	5.61% Upside
Consensus Rating	Moderate Buy	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	Energy Companies
Consensus Rating Score	2.57	2.82
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent TRP News	Neutral 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		Set Target	Buy	C$73.00	+8.37%
1/9/2025	CIBC 3 of 5 stars		Boost Target	Neutral	C$68.00 ➝ C$70.00	+1.79%
11/29/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$70.00 ➝ C$73.00	+6.69%
11/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Bradford Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$67.00 ➝ C$74.00	+7.87%
11/20/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$64.00 ➝ C$65.00	-5.25%
11/20/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$71.00	+3.50%
11/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$74.00 ➝ C$75.00	+9.33%
11/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$74.00 ➝ C$76.00	+10.79%
11/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$79.00	+13.07%
Get the Latest News and Ratings for TRP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for TC Energy and its competitors with MarketBeat's FREE daily newsletter.
11/8/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$64.00 ➝ C$65.00	-4.57%
11/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$67.00 ➝ C$71.00	+4.24%
10/25/2024	Morgan Joseph Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Overweight	C$62.00 ➝ C$78.00	+19.07%
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	Hold ➝ Strong-Buy
1/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$61.00	+17.13%
8/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$55.00 ➝ C$54.00	+10.70%
8/10/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$55.50 ➝ C$54.00	+11.11%
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 Market Weight ➝ Outperform Market Weight
4/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$60.00 ➝ C$63.00	+13.41%
2/6/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:54 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 Sunday, January 12, 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 per share (EPS) estimates for FY2024 have been boosted to $4.15, indicating a positive outlook for profitability and potential returns for investors.
The stock price is currently at C$68.68, reflecting a stable market position and potential for growth, especially given the recent upward adjustments in price targets by various analysts.
TC Energy Co. has reported a strong quarterly performance with a net margin of 21.38%, suggesting efficient operations and the ability to generate profit from its revenues.
Analysts have generally rated the stock as a "Hold," with a consensus price target of C$69.77, indicating that the stock is viewed as a stable investment with potential for appreciation.
The company has a diversified operational structure across multiple segments, including natural gas and liquids pipelines, which can help mitigate risks associated with market fluctuations in any single sector.

TC Energy
Bear Case

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

The dividend payout ratio is currently at 116.01%, which means the company is paying out more in dividends than it earns, raising concerns about sustainability and future dividend payments.
Despite positive earnings forecasts, the stock has faced mixed ratings from analysts, with two analysts issuing sell ratings, indicating potential concerns about the stock's future performance.
Market volatility and economic uncertainties can impact the energy sector significantly, which may pose risks to TC Energy Co.'s revenue and profitability.
While the company has a strong market capitalization of C$71.43 billion, its PE ratio of 20.75 may suggest that the stock is overvalued compared to its earnings, which could deter value-focused investors.
Recent adjustments in price targets by analysts, while generally upward, indicate a cautious approach to the stock, suggesting that investors should be wary of potential fluctuations in stock performance.

TRP Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for TC Energy is C$72.50, with a high forecast of C$79.00 and a low forecast of C$65.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last twelve months. There is currently 1 sell rating, 6 hold ratings, 5 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TRP shares.
: According to analysts, TC Energy's stock has a predicted upside of 4.59% based on their 12-month stock forecasts.
: Over the previous 90 days, TC Energy's stock had 3 upgrades by analysts.
: TC Energy has been rated by research analysts at ATB Capital, Barclays, BMO Capital Markets, CIBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Joseph, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, and Wells Fargo & Company in the past 90 days.
: Analysts like TC Energy less than other "energy" companies. The consensus rating score for TC Energy is 2.57 while the average consensus rating score for "energy" companies is 2.82. Learn more on how TRP compares to other companies.

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

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TC Energy (TRP) Stock Forecast & Price Target