TC Energy (TRP) Stock Forecast & Price Target

C$68.71 -0.37 (-0.54%)

As of 04:00 PM Eastern

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

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
6

Buy
10

Based on 16 Wall Street analysts who have issued ratings for TC Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 6 have given a hold rating, 7 have given a buy rating, and 3 have given a strong buy rating for TRP.

Consensus Price Target

C$74.17
7.94% Upside

According to the 16 analysts' twelve-month price targets for TC Energy, the average price target is C$74.17. The highest price target for TRP is C$79.00, while the lowest price target for TRP is C$65.00. The average price target represents a forecasted upside of 7.94% from the current price of C$68.71.

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TRP Analyst Ratings Over Time

Type	Current Forecast 5/22/24 to 5/22/25	1 Month Ago 4/22/24 to 4/22/25	3 Months Ago 2/22/24 to 2/21/25	1 Year Ago 5/23/23 to 5/22/24
Strong Buy	3 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$74.17	C$73.33	C$73.25	C$54.50
Forecasted Upside	7.94% Upside	8.19% Upside	14.49% Upside	2.54% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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	2.81	2.69
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive 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
5/2/2025	Cibc World Mkts 0 of 5 stars	R. Catellier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/2/2025	CIBC 3 of 5 stars		Boost Target	Outperform	C$71.00 ➝ C$76.00	+9.34%
5/2/2025	Scotiabank 5 of 5 stars		Boost Target	Outperform	C$75.00 ➝ C$77.00	+10.78%
5/2/2025	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Macneil Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$74.00 ➝ C$76.00	+9.34%
4/4/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Dounis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
2/18/2025	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 ➝ Strong-Buy
2/18/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$71.00 ➝ C$74.00	+11.63%
2/3/2025	US Capital Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
1/30/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$65.00 ➝ C$71.00	+8.10%
11/29/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$73.00	+6.69%
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.
11/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Bradford Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	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	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$71.00	+3.50%
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%
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%
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
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:22 PM 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 Monday, May 19, 2025. 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.:

The current stock price is around C$70.30, which is near its 12-month high, indicating strong market performance and investor confidence.
TC Energy Co. has a solid market capitalization of approximately C$72.50 billion, reflecting its stability and significant presence in the energy infrastructure sector.
The company offers a quarterly dividend of C$0.85, translating to an annualized yield of about 4.84%, which can provide a steady income stream for investors.
Recent analyst upgrades have improved the consensus rating to "Moderate Buy," suggesting positive future growth potential and investor sentiment.
With a relatively low beta of 0.82, TC Energy Co. is less volatile compared to the market, making it a potentially safer investment during uncertain economic times.

TC Energy
Bear Case

Investors should be bearish about investing in TC Energy Co. for these reasons:

The company has a high dividend payout ratio of 76.37%, which may raise concerns about sustainability if earnings do not grow sufficiently.
Insider selling activity has been noted, with significant shares sold recently, which could indicate a lack of confidence from those within the company.
Despite recent upgrades, some analysts still maintain a "hold" rating, suggesting that not all market participants are convinced of the stock's upside potential.
The company operates in a highly regulated industry, which can lead to uncertainties and potential challenges in navigating regulatory changes.
TC Energy Co. has a relatively high debt-to-equity ratio, indicating that it relies heavily on debt financing, which could pose risks in a rising interest rate environment.

TRP Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for TC Energy is C$74.17, with a high forecast of C$79.00 and a low forecast of C$65.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 6 hold ratings, 7 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TRP shares.
: According to analysts, TC Energy's stock has a predicted upside of 7.94% based on their 12-month stock forecasts.
: Over the previous 90 days, TC Energy's stock had 2 upgrades by analysts.
: TC Energy has been rated by research analysts at CIBC, Cibc World Mkts, Citigroup, Scotiabank, and TD Securities in the past 90 days.
: Analysts like TC Energy more than other "energy" companies. The consensus rating score for TC Energy is 2.81 while the average consensus rating score for "energy" companies is 2.69. Learn more on how TRP compares to other companies.

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This page (TSE:TRP) was last updated on 5/22/2025 by MarketBeat.com Staff

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TC Energy (TRP) Stock Forecast & Price Target