Analysts' ratings for Targa Resources TRGP over the last quarter vary from bullish to bearish, as provided by 14 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 6 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 4 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $200.5, a high estimate of $246.00, and a low estimate of $171.00. Observing a 16.15% increase, the current average has risen from the previous average price target of $172.62.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Targa Resources. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Mackay | Goldman Sachs | Raises | Buy | $223.00 | $185.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $204.00 | $190.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $220.00 | $225.00 |
| Selman Akyol | Stifel | Raises | Buy | $224.00 | $190.00 |
| Shneur Gershuni | UBS | Raises | Buy | $246.00 | $182.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $225.00 | $175.00 |
| Elvira Scotto | RBC Capital | Raises | Outperform | $199.00 | $172.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $190.00 | $153.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $175.00 | $150.00 |
| Sunil Sibal | Seaport Global | Raises | Buy | $174.00 | $141.00 |
| Robert Kad | Morgan Stanley | Raises | Overweight | $202.00 | $173.00 |
| Jean Ann Salisbury | B of A Securities | Announces | Buy | $182.00 | - |
| Elvira Scotto | RBC Capital | Raises | Outperform | $172.00 | $153.00 |
| Christine Cho | Barclays | Raises | Overweight | $171.00 | $155.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Targa Resources. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Targa Resources compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Targa Resources's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Targa Resources's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Targa Resources analyst ratings.
About Targa Resources
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Targa Resources: Delving into Financials
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Targa Resources's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -1.15%. This indicates a decrease in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Targa Resources's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 9.98%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Targa Resources's ROE excels beyond industry benchmarks, reaching 15.25%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Targa Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.78%, the company showcases efficient use of assets and strong financial health.
Debt Management: Targa Resources's debt-to-equity ratio surpasses industry norms, standing at 5.57. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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