Targa Resources Corp [TRGP] stock is trading at $180.72, up 1.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TRGP shares have lost -0.28% over the last week, with a monthly amount drifted -12.83%, and not 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 $209.87 over the past year. Currently, Wall Street analysts expect the stock to reach $173.56 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $180.72 at the most recent close of the market. An investor can expect a potential drop of -3.96% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.45.
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 179.01 points at the first support level, and at 177.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.80, and for the 2nd resistance point, it is at 182.88.
Ratios To Look Out For
For context, Targa Resources Corp’s Current Ratio is 0.77. As well, the Quick Ratio is 0.61, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 15.33 and price to earnings (TTM) ratio is 32.56.
Transactions by insiders
Recent insider trading involved Muraro Robert, Chief Commercial Officer, that happened on Dec 02 ’24 when 2500.0 shares were sold. Officer, Muraro Robert completed a deal on Dec 02 ’24 to buy 2500.0 shares. Meanwhile, Senior VP and CAO Boushka Julie H. sold 10000.0 shares on Nov 15 ’24.
