TC Energy Corporation (TRP)
NYSE: TRP · IEX Real-Time Price · USD
35.70
+0.41 (1.16%)
At close: Apr 19, 2024, 4:00 PM
35.75
+0.05 (0.14%)
After-hours: Apr 19, 2024, 7:56 PM EDT
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 38.46% from the current stock price of 35.70.
Analyst Consensus: Hold
* 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $53 → $55 | Hold | Maintains | $53 → $55 | +54.06% | Jan 29, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $29 → $32 | Strong Sell | Maintains | $29 → $32 | -10.36% | Jan 26, 2024 |
| Barclays | Barclays | Hold Maintains $50 → $51 | Hold | Maintains | $50 → $51 | +42.86% | Dec 4, 2023 |
| Barclays | Barclays | Hold Maintains $51 → $50 | Hold | Maintains | $51 → $50 | +40.06% | Oct 18, 2023 |
| Wolfe Research | Wolfe Research | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Oct 17, 2023 |
Financial Forecast
Revenue This Year
16.46B
from 15.93B
Increased by 3.28%
Revenue Next Year
17.30B
from 16.46B
Increased by 5.13%
EPS This Year
4.20
from 2.75
Increased by 52.72%
EPS Next Year
4.42
from 4.20
Increased by 5.34%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 17.6B | 19.0B | 20.4B | 21.8B |
| Avg | 16.5B | 17.3B | 18.7B | 21.0B |
| Low | 15.5B | 16.4B | 17.3B | 20.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.6% | 15.5% | 17.7% | 16.7% |
| Avg | 3.3% | 5.1% | 8.1% | 12.2% |
| Low | -2.4% | -0.4% | -0.1% | 8.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.74 | 5.15 | 5.67 | 5.76 | 5.05 |
| Avg | 4.20 | 4.42 | 4.76 | 5.11 | 4.86 |
| Low | 3.81 | 3.85 | 3.74 | 4.54 | 4.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 72.2% | 22.5% | 28.2% | 21.0% | -1.2% |
| Avg | 52.7% | 5.3% | 7.5% | 7.4% | -4.9% |
| Low | 38.6% | -8.3% | -15.4% | -4.5% | -7.8% |
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.