TC Energy Corporation (TRP)

Stock Price Forecast

According to 5 stock analysts, the average 12-month stock price forecast for TC Energy stock is $51.8, which predicts an increase of 48.79%. The lowest target is $47 and the highest is $55. On average, analysts rate TC Energy stock as a hold.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$47	$51.8	$53	$55
Change	+35.00%	+48.79%	+52.23%	+57.98%

Analyst Ratings

The average analyst rating for TC Energy stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Apr '23	May '23	Jun '23	Jul '23	Aug '23	Sep '23
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	2	2	2
Hold	1	1	1	2	2	3
Sell	1	1	1	0	0	0
Strong Sell	1	1	1	0	0	0
Total	4	4	4	4	4	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Edward Caso Wells Fargo	Wells Fargo	Sell → Hold Upgrades $47	Sell → Hold	Upgrades	$47	+35.00%	Sep 8, 2023
Robert Hope Scotiabank	Scotiabank	Buy Maintains $64 → $55	Buy	Maintains	$64 → $55	+57.98%	Jul 31, 2023
Maurice Choy RBC Capital	RBC Capital	Buy Maintains $65 → $54	Buy	Maintains	$65 → $54	+55.11%	Jul 31, 2023
Linda Ezergailis TD Securities	TD Securities	Strong Buy → Hold Downgrades $62 → $50	Strong Buy → Hold	Downgrades	$62 → $50	+43.62%	Jul 28, 2023
Linda Ezergailis TD Securities	TD Securities	Strong Buy Initiates $68 → $62	Strong Buy	Initiates	$68 → $62	+78.08%	Jul 26, 2023

Full Analyst Rating History

Financial Forecast

Revenue This Year

15.91B

Increased by 6.24%

from 14.98B

Revenue Next Year

15.78B

Decreased by -0.82%

from 15.91B

EPS This Year

4.24

Increased by 562.70%

from 0.64

EPS Next Year

4.08

Decreased by -3.74%

from 4.24

Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027
Revenue	13.68B	13.26B	13.00B	13.39B	14.98B	15.91B	15.78B	16.59B	18.94B	20.27B
Revenue Growth	1.71%	-3.10%	-1.93%	2.98%	11.88%	6.24%	-0.82%	5.12%	14.15%	7.04%
EPS	3.92	4.27	4.74	1.86	0.64	4.24	4.08	4.04	5.07	5.28
EPS Growth	14.29%	8.93%	11.01%	-60.76%	-65.59%	562.70%	-3.74%	-0.93%	25.36%	4.07%
No. Analysts	-	-	-	-	-	20	20	12	4	3

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

Revenue Forecast

Revenue	2023	2024	2025	2026	2027
High	16.8B	17.2B	17.7B	19.7B	21.1B
Avg	15.9B	15.8B	16.6B	18.9B	20.3B
Low	15.2B	14.3B	15.9B	18.4B	19.7B

Revenue Growth

Revenue Growth	2023	2024	2025	2026	2027
High	12.2%	7.8%	12.2%	18.7%	11.3%
Avg	6.2%	-0.8%	5.1%	14.1%	7.0%
Low	1.4%	-9.9%	0.5%	10.8%	3.9%

EPS Forecast

EPS	2023	2024	2025	2026	2027
High	4.74	4.65	4.89	5.48	6.03
Avg	4.24	4.08	4.04	5.07	5.28
Low	3.49	3.13	3.01	4.70	4.61

EPS Growth

EPS Growth	2023	2024	2025	2026	2027
High	639.9%	9.7%	19.8%	35.4%	19.0%
Avg	562.7%	-3.7%	-0.9%	25.4%	4.1%
Low	445.1%	-26.3%	-26.3%	16.1%	-9.1%

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.