TC Energy Inc. (TRP:TSX) Analysts have a Consensus “Buy” rating, $61 target

Analyst Ratings Coverage

1. 1. J.P. Morgan Chase & Co gives TC Energy Corp a rating with a Neutral outlook and a target price of CAD 55, down from the previous target of CAD 57.65 (+21.60%).
   2. Morningstar assigns TC Energy maintains a Buy outlook for the stock in the Oil & Gas Midstream sector, with a target price of CAD 63, despite the current price being CAD 57.65 (+21.60%).
   3. National Bank Financial (Rank#15) rates TC Energy with a  Outperform in the Oil & Gas Midstream sector, but they have lowered their target price to CAD 52 from the current CAD 57.65 (+21.60%).
   4. CIBC World Markets gives TC Energy a Neutral, with a target price of CAD 53, which is slightly lower than the current price of CAD 57.65 (+21.60%).

TRP Stock Analysis

The TC Energy Corp stock forecast is a valuable tool for investors and market enthusiasts, offering insights into the expected performance of the company’s stock over the next year. Let’s break down the provided information in detail:

1. 1. 1. Average Analyst Target Price: According to projections from 13 financial analysts, the average analyst target price for TC Energy Corp is CAD 58.78 over the next 12 months. This figure represents the consensus estimate of where the stock price is expected to be in the coming year. It serves as a reference point for investors to assess the potential future value of TC Energy Corp’s stock.
      2. Average Analyst Rating: The average analyst rating for TC Energy Corp is “Buy.” This rating reflects the general sentiment among financial experts who follow the stock. (https://voltagecoffee.com/) A “Buy” rating suggests that, on the whole, analysts believe that TC Energy Corp presents a favorable investment opportunity at its current valuation.
      3. Stock Target Advisor’s Analysis: Stock Target Advisor, an independent source, offers its own analysis of TC Energy Corp and categorizes it as “Slightly Bearish.” This rating is based on a mix of 4 positive signals and 9 negative signals. The “Slightly Bearish” assessment implies that while there are some positive indicators, there are also more negative signals, resulting in a slightly bearish outlook for the stock.
      4. Stock Price Information: As of the most recent closing, TC Energy Corp’s stock price stood at CAD 47.41. This represents the price at which the stock last traded. This information is crucial for investors, as it indicates the stock’s current market value and can influence investment decisions.
      5. Stock Price Changes: Over recent time periods, TC Energy Corp’s stock has witnessed significant price fluctuations. In the past week, the stock price decreased by -0.55%, indicating a slight short-term decline. Over the past month, there was a more substantial decrease of -5.69%, suggesting a short-to-medium-term trend of decline. Over the last year, the stock price declined by -18.80%, marking a significant drop in its long-term performance.

Final Stock Analysis

The stock forecast for TC Energy Corp indicates that analysts, on average, view the stock as a “Buy” with an average target price of CAD 58.78. However, Stock Target Advisor’s own analysis leans “Slightly Bearish,” influenced by more negative signals than positive ones. Additionally, recent stock price changes suggest a mixed performance, with short-term and long-term fluctuations. Investors should consider these factors, conduct further research, and evaluate their own financial goals and risk tolerance before making investment decisions.

STA Research

STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.