Currently, Targa Resources Corp [TRGP] is trading at $205.72, up 1.30%. 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 1.82% over the last week, with a monthly amount glided 8.27%, 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.
This stock has fluctuated between a low of $110.09 and a high of $218.51 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $199.13 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $205.72 at the most recent close of the market. An investor can expect a potential drop of -3.2% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
Trailing Twelve Months sales for Targa Resources Corp [NYSE:TRGP] were 16.63B which represents 6.93% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.5.
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 201.20 points at the first support level, and at 196.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.17, and for the 2nd resistance point, it is at 210.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Targa Resources Corp [NYSE:TRGP] is 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 2.70, the price to book ratio is 17.28 and price to earnings (TTM) ratio is 35.76.
Transactions by insiders
Recent insider trading involved Boushka Julie H., Retired Officer, that happened on Mar 24 ’25 when 5000.0 shares were purchased. Director, Cooksen Lindsey completed a deal on Feb 28 ’25 to sell 1050.0 shares. Meanwhile, Director Chung Paul W sold 6222.0 shares on Feb 28 ’25.
