TC Energy Corporation (TRP)

TC Energy Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for TC Energy stock have an average target of 55.67, with a low estimate of 42 and a high estimate of 70. The average target predicts an increase of 20.06% from the current stock price of 46.37.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$42	$55.67	$55	$70
Change	-9.42%	+20.06%	+18.61%	+50.96%

* Price targets were last updated on Nov 20, 2024.

Analyst Ratings

The average analyst rating for TC Energy stock from 3 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	0	0	0	0	0	0
Buy	2	2	0	0	0	0
Hold	5	5	1	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	8	8	2	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ben Pham BMO Capital	BMO Capital	Hold Maintains $66 → $70	Hold	Maintains	$66 → $70	+50.96%	Nov 20, 2024
John Mackay Goldman Sachs	Goldman Sachs	Strong Sell Maintains $38 → $42	Strong Sell	Maintains	$38 → $42	-9.42%	Oct 21, 2024
Theresa Chen Barclays	Barclays	Hold Maintains $53 → $55	Hold	Maintains	$53 → $55	+18.61%	Jan 29, 2024
John Mackay Goldman Sachs	Goldman Sachs	Strong Sell Maintains $29 → $32	Strong Sell	Maintains	$29 → $32	-30.99%	Jan 26, 2024
Theresa Chen Barclays	Barclays	Hold Maintains $50 → $51	Hold	Maintains	$50 → $51	+9.98%	Dec 4, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

15.89B

Decreased by -0.29%

from 15.93B

Revenue Next Year

14.92B

Decreased by -6.07%

from 15.89B

EPS This Year

4.13

Increased by 50.45%

from 2.75

EPS Next Year

3.78

Decreased by -8.52%

from 4.13

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	13.26B	13.00B	13.39B	14.98B	15.93B	15.89B	14.92B	15.89B
Revenue Growth	-3.10%	-1.93%	2.98%	11.88%	6.39%	-0.29%	-6.07%	6.44%
EPS	4.27	4.74	1.86	0.64	2.75	4.13	3.78	4.13
EPS Growth	8.93%	11.01%	-60.76%	-65.59%	329.16%	50.45%	-8.52%	9.12%
Forward PE	-	-	-	-	-	16.10	17.60	16.13
No. Analysts	-	-	-	-	-	18	17	15

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	17.0B	15.9B	17.1B
Avg	15.9B	14.9B	15.9B
Low	13.3B	14.1B	14.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	6.4%	0.2%	14.4%
Avg	-0.3%	-6.1%	6.4%
Low	-16.8%	-11.6%	0.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	4.74	5.08	5.31
Avg	4.13	3.78	4.13
Low	2.88	3.29	3.34

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	72.4%	23.0%	40.5%
Avg	50.5%	-8.5%	9.1%
Low	4.9%	-20.3%	-11.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.