TC Energy (TRP) Stock Forecast & Price Target

C$66.54 +0.17 (+0.26%)

(As of 12/24/2024 01:48 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 15 Analyst Ratings

Sell
2

Hold
6

Buy
7

Based on 15 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 15 analysts, 2 have given a sell rating, 6 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for TRP.

Consensus Price Target

C$69.77
4.85% Upside

According to the 15 analysts' twelve-month price targets for TC Energy, the average price target is C$69.77. The highest price target for TRP is C$79.00, while the lowest price target for TRP is C$51.00. The average price target represents a forecasted upside of 4.85% from the current price of C$66.54.

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TRP Analyst Ratings Over Time

Type	Current Forecast 12/27/23 to 12/26/24	1 Month Ago 11/27/23 to 11/26/24	3 Months Ago 9/28/23 to 9/27/24	1 Year Ago 12/27/22 to 12/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 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)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$69.77	C$69.54	C$58.62	C$54.47
Forecasted Upside	4.85% Upside	1.46% Upside	-7.22% Downside	2.02% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	Energy Companies
Consensus Rating Score	2.40	2.81
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent TRP 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
11/29/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$70.00 ➝ C$73.00	+6.69%
11/21/2024	Raymond James 4 of 5 stars	A. Bradford Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/20/2024	Barclays 3 of 5 stars	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	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$67.00 ➝ C$68.00	-0.87%
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%
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.
11/20/2024	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%
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
2/21/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$50.00 ➝ C$51.00	-5.29%
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 Thursday at 10:46 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 Wednesday, December 18, 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 per share (EPS) estimates for FY2025 have been raised to C$3.94, indicating positive growth expectations from analysts.
TC Energy Co. reported a quarterly EPS of C$1.03, surpassing the consensus estimate of C$0.97, showcasing strong financial performance.
The stock price recently increased to C$70.14, reflecting a 2.0% rise, which may indicate growing investor confidence.
Analysts have issued multiple upgrades, with UBS Group raising their rating to "strong-buy," suggesting strong future potential for the stock.
The company has a solid market capitalization of C$72.95 billion, which can provide stability and investor confidence in its operations.

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, potentially unsustainable in the long term.
Despite recent upgrades, there are still two analysts rating the stock as a sell, indicating some skepticism about its future performance.
The company has a relatively high debt-to-equity ratio of 160.84, suggesting that it relies heavily on debt financing, which can be risky in volatile markets.
Market analysts have a consensus rating of "Hold," which may imply that the stock is not expected to outperform significantly in the near term.
TC Energy Co. has a current ratio of 0.76, indicating potential liquidity issues, as it may not have enough short-term assets to cover its short-term liabilities.

TRP Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for TC Energy is C$69.77, with a high forecast of C$79.00 and a low forecast of C$51.00.
: 15 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, 6 hold ratings, 6 buy ratings and 1 strong buy rating 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 4.85% 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 ATB Capital, Barclays, BMO Capital Markets, CIBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Joseph, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, UBS Group, Veritas, and Wells Fargo & Company in the past 90 days.
: Analysts like TC Energy less than other "energy" companies. The consensus rating for TC Energy is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how TRP compares to other companies.

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This page (TSE:TRP) was last updated on 12/26/2024 by MarketBeat.com Staff

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TC Energy (TRP) Stock Forecast & Price Target