Targa Resources Corp [TRGP] stock is trading at $199.00, up 1.51%. 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 2.07% over the last week, with a monthly amount glided 22.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On March 02, 2023, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $115 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $95 on December 09, 2022. In a note dated March 18, 2022, Mizuho upgraded an Buy rating on this stock and boosted its target price from $58 to $85.
Targa Resources Corp [TRGP] stock has fluctuated between $81.03 and $197.14 over the past year. Currently, Wall Street analysts expect the stock to reach $124 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $199.00 at the most recent close of the market. An investor can expect a potential drop of -37.69% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
Targa Resources Corp [NYSE:TRGP] reported sales of 16.33B for the trailing twelve months, which represents a growth of 0.12%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.48 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 5.45.
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 196.74 points at the first support level, and at 194.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 200.51, and for the 2nd resistance point, it is at 202.01.
Ratios To Look Out For
For context, Targa Resources Corp’s Current Ratio is 0.77. In addition, the Quick Ratio stands at 0.61 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 16.88 and price to earnings (TTM) ratio is 35.85.
Transactions by insiders
Recent insider trading involved Boushka Julie H., Officer, that happened on Nov 15 ’24 when 2500.0 shares were purchased. Senior VP and CAO, Boushka Julie H. completed a deal on Nov 08 ’24 to sell 3260.0 shares. Meanwhile, Director CRISP CHARLES R sold 6000.0 shares on Nov 08 ’24.
