A share price of Targa Resources Corp [TRGP] is currently trading at $169.78, up 2.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TRGP shares have gain 5.66% over the last week, with a monthly amount glided 2.16%, 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 $118.93 and $218.51. Currently, Wall Street analysts expect the stock to reach $216.33 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $169.78 at the most recent close of the market. An investor can expect a potential return of 27.42% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
Trailing Twelve Months sales for Targa Resources Corp [NYSE:TRGP] were 16.88B which represents 5.55% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.16%, 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 0.52 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 6.61.
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 167.60 points at the first support level, and at 165.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 171.00, and for the 2nd resistance point, it is at 172.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Targa Resources Corp [NYSE:TRGP] is 0.65. Further, the Quick Ratio stands at 0.57, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 15.06 and price to earnings (TTM) ratio is 31.20.
Transactions by insiders
Recent insider trading involved Pryor D. Scott,, that happened on May 08 ’25 when 20000.0 shares were sold. Retired Officer, Boushka Julie H. completed a deal on May 08 ’25 to buy 2000.0 shares. Meanwhile, Officer Pryor D. Scott bought 20000.0 shares on May 08 ’25.
