At the time of writing, Targa Resources Corp [TRGP] stock is trading at $187.04, up 3.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TRGP shares have gain 0.12% over the last week, with a monthly amount drifted -9.19%, and not 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.
For the past year, the stock price of Targa Resources Corp fluctuated between $104.24 and $218.51. Currently, Wall Street analysts expect the stock to reach $192.71 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $187.04 at the most recent close of the market. An investor can expect a potential return of 3.03% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
According to Targa Resources Corp [NYSE:TRGP], the company’s sales were 16.63B for trailing twelve months, which represents an 6.93% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.12%, 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 0.51 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.5.
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 183.77 points at the first support level, and at 180.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.63, and for the 2nd resistance point, it is at 192.23.
Ratios To Look Out For
It is important to note that Targa Resources Corp [NYSE:TRGP] has a current ratio of 0.72. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.45, the price to book ratio is 15.71 and price to earnings (TTM) ratio is 32.51.
Transactions by insiders
Recent insider trading involved Cooksen Lindsey, Director, that happened on Feb 28 ’25 when 1050.0 shares were sold. Director, Chung Paul W completed a deal on Feb 28 ’25 to sell 6222.0 shares. Meanwhile, Director PAUL W CHUNG bought 6222.0 shares on Feb 28 ’25.
