10 hours Ago By ABMN Staff
Targa Resources ( NYSE:TRGP – Get Free Report ) had its target price hoisted by analysts at Mizuho from $208.00 to $226.00 in a report released on Thursday, Benzinga reports.
The firm presently has an “outperform” rating on the pipeline company’s stock. Mizuho’s target price indicates a potential upside of 12.50% from the company’s previous close.
Other equities analysts have also issued reports about the company. Truist Financial reduced their price objective on Targa Resources from $225.00 to $220.
00 and set a “buy” rating on the stock in a research report on Friday, December 13th. UBS Group increased their target price on Targa Resources from $182.00 to $246.
00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada increased their target price on Targa Resources from $172.00 to $199.
00 and gave the company an “outperform” rating in a report on Monday, November 11th. Scotiabank started coverage on Targa Resources in a report on Friday, January 10th. They set a “sector outperform” rating and a $218.
00 target price for the company. Finally, US Capital Advisors cut Targa Resources from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat.com, Targa Resources has a consensus rating of “Buy” and an average target price of $203.77.
Get Our Latest Report on Targa Resources Targa Resources Price Performance Targa Resources ( NYSE:TRGP – Get Free Report ) last posted its earnings results on Thursday, February 20th. The pipeline company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.
90 by ($0.46). Targa Resources had a return on equity of 27.
59% and a net margin of 7.65%. The business had revenue of $4.
41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, research analysts forecast that Targa Resources will post 6.
36 earnings per share for the current fiscal year. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRGP. Creative Planning increased its position in Targa Resources by 17.
6% during the 3rd quarter. Creative Planning now owns 43,783 shares of the pipeline company’s stock valued at $6,480,000 after buying an additional 6,546 shares in the last quarter. Blue Trust Inc.
increased its position in Targa Resources by 75.1% during the 3rd quarter. Blue Trust Inc.
now owns 2,611 shares of the pipeline company’s stock valued at $386,000 after buying an additional 1,120 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Targa Resources by 4.8% in the 3rd quarter.
Raymond James & Associates now owns 239,805 shares of the pipeline company’s stock worth $35,494,000 after purchasing an additional 10,970 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Targa Resources by 21.6% in the 3rd quarter.
Sequoia Financial Advisors LLC now owns 4,590 shares of the pipeline company’s stock worth $679,000 after purchasing an additional 815 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Targa Resources by 1.9% in the 3rd quarter.
Signaturefd LLC now owns 8,287 shares of the pipeline company’s stock worth $1,226,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.
Targa Resources Company Profile ( Get Free Report ) Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. See Also Receive News & Ratings for Targa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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