Analyst Revises Targa Resources, Inc. (NYSE:TRGP) Stock Target To $46.45


Targa Resources, Inc. (NYSE:TRGP) mean price target stands at $46.45. Thomson Reuters averaged the calls given by analysts’ poll of the First Call. The EPS projection for near-term quarter stands at $0.05 and for underway fiscal at $-0.36. The market cap of Targa Resources, Inc. Common St was recorded at $7.85B after the stock closed at $49.07 in last trading day.

What The Valuation Says?

Targa Resources, Inc. (NYSE:TRGP) has a P/E ratio of N/A. Investors can assess how the stock is performing by computing Price-to-Earnings Growth ratio, which for Targa Resources, Inc. (NYSE:TRGP) sits at -39.68. Investment strategies are designed based on stock valuations and also on whether or not investors think firms will report earnings improvement. Value investors look for stocks that relative to sector or market comparisons are undervalued right now. They purchase shares in these apparently undervalued equities in anticipations that eventually the equity price will rise to better replicate a firm’s existing or prospective profit growth. When shareholders learn that a firm appears undervalued, it could drive the price higher by buying shares in pursuit of a profit opportunity.

Growth investing is another approach in which investors try to capitalize on firms’ prospects for future growth. Contrasting value stocks, the growth stock valuation already consider earnings growth as replicated in higher valuations.

Nevertheless, growth investors are keen to pay more in anticipation of seeing stock prices increase further as incomes continue to grow.

Technical Perspective

The technical analysis of Targa Resources, Inc. Common St explains that the 50-day MA of Targa Resources, Inc. Common St is $44.67, and stock is trading $2.47 points away or +5.52% from 50-day moving average of $44.67. It is trading $7.61 or +19.25% away 200-day MA of $39.53. Targa Resources, Inc. (NYSE:TRGP) 52-week high is $66.87 and the 52-week low is $14.55. If the stock gains $-19.73 points, it will record a 52-week high. Nevertheless, if it declines +223.99%, the shares price can plunge to a 52-week low.

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