Targa Resources Corp [TRGP] stock prices are down -0.58% to $155.55 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRGP shares have gain 2.21% over the last week, with a monthly amount glided 6.93%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Scotiabank started tracking the stock with Sector Outperform rating on March 02, 2023, and set its price target to $115. On December 09, 2022, Citigroup initiated with a Buy rating and assigned a price target of $95 on the stock. Mizuho upgraded its rating to Buy for this stock on March 18, 2022, and upped its price target to $85. In a note dated February 07, 2022, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $62.
The stock price of Targa Resources Corp [TRGP] has been fluctuating between $77.97 and $157.68 over the past year. Currently, Wall Street analysts expect the stock to reach $102.88 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $155.55 at the most recent close of the market. An investor can expect a potential drop of -33.86% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
The Targa Resources Corp [NYSE:TRGP] reported sales of 16.33B for trailing twelve months, representing a surge of 12.77%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.42 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 154.26 points at the first support level, and at 152.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 156.88, and for the 2nd resistance point, it is at 158.20.
Ratios To Look Out For
It’s worth pointing out that Targa Resources Corp [NYSE:TRGP]’s Current Ratio is 0.65. In addition, the Quick Ratio stands at 0.53 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 13.82 and price to earnings (TTM) ratio is 32.61.
Transactions by insiders
Recent insider trading involved Muraro Robert, Chief Commercial Officer, that happened on Sep 03 ’24 when 2500.0 shares were sold. Director, Davis Waters S IV completed a deal on Aug 15 ’24 to sell 3597.0 shares. Meanwhile, Director Perkins Joe Bob sold 21000.0 shares on Aug 14 ’24.
