Analyst Rating Update on Targa Resources (TRGP)

Targa Resources (TRGP) has an average broker rating of 2.64, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Targa Resources (TRGP) : 11 investment research analysts covering Targa Resources (TRGP) have an average price target of $47.18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $76 and the lowest target is $32 for the short term. Analysts expect the variance to be within $13.3 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Jefferies downgrades its ratings on Targa Resources (NYSE:TRGP). In the latest research report, Jefferies raises the target price from $34 per share to $45 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016.


Targa Resources (NYSE:TRGP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.39 and $35.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.51, notching a gain of 3.00% for the day. The total traded volume was 5,114,519 . The stock had closed at $37.39 on the previous day.

Targa Resources Corp. (Traga), through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

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