Ratings for Targa Resources TRGP were provided by 15 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 7 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 3 | 1 | 0 | 0 | 0 |
| 3M Ago | 3 | 4 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Targa Resources, presenting an average target of $201.67, a high estimate of $246.00, and a low estimate of $171.00. Surpassing the previous average price target of $172.62, the current average has increased by 16.83%.
Interpreting Analyst Ratings: A Closer Look
The standing of Targa Resources among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Holly Stewart | Scotiabank | Announces | Sector Outperform | $218.00 | - |
| 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: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Targa Resources. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Targa Resources compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Targa Resources's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Targa Resources analyst ratings.
Unveiling the Story Behind 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 Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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 impressive, surpassing industry averages. With a net margin of 9.98%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Targa Resources's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 15.25% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.78%, the company showcases effective utilization of assets.
Debt Management: Targa Resources's debt-to-equity ratio stands notably higher than the industry average, reaching 5.57. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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