Why Targa Resources, Inc. (NYSE:TRGP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $44.09 on Targa Resources, Inc. (NYSE:TRGP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.04 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Targa Resources, Inc. (NYSE:TRGP) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Targa Resources, Inc. Common St, the PEG ratio for coming 3-5 years is -187.86.

Technical Analysis

The technical analysis highlights that Targa Resources, Inc. Common St current is trading $1.47 points away or +3.60% from its 50-day moving average of $40.89. Further it is trading $7.93 or +23.02% away its 200-day moving average of $34.43.

The 52-week high of Targa Resources, Inc. (NYSE:TRGP) was $78.67 while lowest point recorded in 52-week was $14.55. It implies if stock price makes a movement of over $-36.31, it will record a new 52-week high. In the case of +191.13% drop, it will touch a new 52-week low.

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