J P Morgan Chase & Co reissued a "neutral" rating and issued a $53.00 price objective (down from $65.00) on shares of Targa Resources in a report on Monday, June 5th. The stock of Targa Resources Corp (NYSE:TRGP) earned "Buy" rating by Citigroup on Tuesday, April 19. As per Friday, March 17, the company rating was maintained by Numis Securities. On Thursday, November 3 the stock rating was maintained by RBC Capital Markets with "Outperform". The firm has "Equal Weight" rating by Barclays Capital given on Monday, May 2.
The company has mean EPS estimate of 0.13 reported by 16 number of analyst for the quarter ending Current Qtr.(Jun2017). More interesting news about Targa Resources Corp (NYSE:TRGP) was released by: Seekingalpha.com and their article: "Targa Resources: 8% Yield With New Permian Growth Initiatives" with publication date: June 13, 2017. Bollard Group LLC now owns 2,499 shares of the pipeline company's stock worth $150,000 after buying an additional 23 shares during the last quarter. Targa Res Corp now has $9.84 billion valuation. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Its share price has decline -16.37% in three months and is down -1.27% for the last five trades.
Several brokerages recently weighed in on TRGP.
Investec plc is a specialist bank and asset manager. Targa Resources, Inc. The stock's market capitalization is $8.93 billion. The Firm also provides property management services. It has a 13.1 P/E ratio. The Company's divisions include SkyWest Airlines, ExpressJet and SkyWest Leasing. The stock increased 1.23% or $1.54 on July 14, reaching $127.01.
Security Capital Research & Management Inc holds 3.36% of its portfolio in Weingarten Realty Investors for 2.88 million shares. Investec plc (LON:INVP) has 0.00% since July 12, 2016 and is. It has underperformed by 32.49% the S&P500. Therefore 81% are positive. Targa Resources had 48 analyst reports since August 5, 2015 according to SRatingsIntel. Finally, Citigroup Inc. cut their price target on shares of Targa Resources from $64.00 to $54.00 and set a "buy" rating for the company in a report on Wednesday, June 28th. On Tuesday, May 31 the stock rating was initiated by Stifel Nicolaus with "Hold". The company was upgraded on Wednesday, July 12 by Jefferies.
Targa Resources Corp. (TRGP) have shown a high EPS growth of -34.70% in the last 5 years and has earnings decline of -265.60% yoy. The stock has "Hold" rating by Credit Suisse on Thursday, May 25. 288,292 are owned by Discovery Capital Management Limited Liability Company Ct. Tru Of Vermont holds 0% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 200 shares. The rating was downgraded by Stifel Nicolaus on Thursday, December 1 to "Hold".
05/05/2017 - Targa Resources, Inc. was upgraded to " by analysts at Raymond James. The stock of Targa Resources Corp (NYSE:TRGP) has "Hold" rating given on Thursday, September 29 by Stifel Nicolaus. Barclays Capital upgraded it to "Overweight" rating and $55 target in Tuesday, September 27 report.
Since January 18, 2017, it had 0 buys, and 10 sales for $8.92 million activity. (TRGP). These ratios are important while doing valuation of the company or the shares of the company. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. $574,706 worth of stock was sold by MELOY MATTHEW J on Wednesday, May 10. Perkins Joe Bob sold 50,000 shares worth $3.00M. Another trade for 2,597 shares valued at $133,066 was sold by Middlebrooks Dan C. Another trade for 25,000 shares valued at $1.50M was made by Heim Michael A on Wednesday, January 18.
Investors sentiment is 1.46 in 2016 Q4. Its the same as in 2016Q3. It is without change, as 35 investors sold TRGP shares while 102 reduced holdings. only 70 funds opened positions while 130 raised stakes. 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported. Swiss Bank invested in 463,500 shares. Mcf Advsrs Ltd Limited Liability Company, a Kentucky-based fund reported 470 shares. Massachusetts Financial Ma has invested 0% of its portfolio in Targa Resources Corp (NYSE:TRGP). Targa Resources earned a news impact score of 0.35 on Accern's scale. (NASDAQ:SKYW). Strategic Invest Mngmt Ltd Liability Corporation reported 7,757 shares. Westpac Banking Corp reported 11,925 shares stake. Moreover, Beck Mngmt Llc has 0.87% invested in Targa Resources Corp (NYSE:TRGP). Nippon Life Global Investors Americas Incorporated accumulated 0.52% or 125,330 shares.
Arosa Capital Management Lp decreased Carbo Ceramics Inc (NYSE:CRR) stake by 75,298 shares to 274,702 valued at $2.87 million in 2016Q4. Brinker Capital accumulated 0.02% or 5,330 shares. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since July 12, 2016 and is uptrending. First Commonwealth Fincl Pa holds 0.67% or 9,590 shares.