TC Energy Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for TC Energy stock have an average target of 49.43, with a low estimate of 32 and a high estimate of 55. The average target predicts an increase of 30.94% from the current stock price of 37.75.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$32	$49.43	$53	$55
Change	-15.23%	+30.94%	+40.40%	+45.70%

* Price targets were last updated on Jan 29, 2024.

Analyst Ratings

The average analyst rating for TC Energy stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	2
Hold	5	5	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	8	8	8	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Theresa Chen Barclays	Barclays	Hold Maintains $53 → $55	Hold	Maintains	$53 → $55	+45.70%	Jan 29, 2024
John Mackay Goldman Sachs	Goldman Sachs	Strong Sell Maintains $29 → $32	Strong Sell	Maintains	$29 → $32	-15.23%	Jan 26, 2024
Theresa Chen Barclays	Barclays	Hold Maintains $50 → $51	Hold	Maintains	$50 → $51	+35.10%	Dec 4, 2023
Theresa Chen Barclays	Barclays	Hold Maintains $51 → $50	Hold	Maintains	$51 → $50	+32.45%	Oct 18, 2023
Alex Kania Wolfe Research	Wolfe Research	Sell → Hold Upgrades n/a	Sell → Hold	Upgrades	n/a	n/a	Oct 17, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

16.54B

from 15.93B

3.82%

from 15.93B

Revenue Next Year

17.45B

from 16.54B

5.45%

from 16.54B

EPS This Year

4.26

from 2.75

54.97%

from 2.75

EPS Next Year

4.32

from 4.26

1.27%

from 4.26

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	13.26B	13.00B	13.39B	14.98B	15.93B	16.54B	17.45B	18.36B	20.85B	21.98B
Revenue Growth	-3.10%	-1.93%	2.98%	11.88%	6.39%	3.82%	5.45%	5.27%	13.56%	5.38%
EPS	4.27	4.74	1.86	0.64	2.75	4.26	4.32	4.59	5.27	5.60
EPS Growth	8.93%	11.01%	-60.76%	-65.59%	329.69%	54.97%	1.27%	6.41%	14.84%	6.24%
Forward PE	-	-	-	-	-	8.86	8.75	8.22	7.16	6.74
No. Analysts	-	-	-	-	-	19	18	14	3	3

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	17.6B	19.0B	20.4B	21.7B	22.8B
Avg	16.5B	17.4B	18.4B	20.9B	22.0B
Low	15.6B	16.1B	17.0B	20.2B	21.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	10.6%	14.9%	16.7%	18.1%	9.6%
Avg	3.8%	5.5%	5.3%	13.6%	5.4%
Low	-1.9%	-2.5%	-2.7%	10.2%	2.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.80	5.17	5.58	6.05	6.50
Avg	4.26	4.32	4.59	5.27	5.60
Low	3.96	3.75	3.75	4.59	4.81

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	74.5%	21.2%	29.2%	31.7%	23.2%
Avg	55.0%	1.3%	6.4%	14.8%	6.2%
Low	44.0%	-11.9%	-13.0%	-0.0%	-8.8%

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.