A share price of Targa Resources Corp [TRGP] is currently trading at $193.30, up 0.69%. 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 5.59% over the last week, with a monthly amount glided 3.41%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $115 on March 02, 2023. Citigroup initiated its recommendation with a Buy and recommended $95 as its price target on December 09, 2022.
Targa Resources Corp experienced fluctuations in its stock price throughout the past year between $81.03 and $209.87. Currently, Wall Street analysts expect the stock to reach $177.75 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $193.30 at the most recent close of the market. An investor can expect a potential drop of -8.04% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
Trailing Twelve Months sales for Targa Resources Corp [NYSE:TRGP] were 16.33B which represents 0.12% growth. 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 191.26 points at the first support level, and at 189.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.08, and for the 2nd resistance point, it is at 198.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Targa Resources Corp [NYSE:TRGP] 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 2.58, the price to book ratio is 16.40 and price to earnings (TTM) ratio is 34.83.
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.
