12 analysts have shared their evaluations of Targa Resources (NYSE:TRGP) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 6 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 3 | 2 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $130.92, a high estimate of $147.00, and a low estimate of $117.00. This upward trend is apparent, with the current average reflecting a 12.43% increase from the previous average price target of $116.45.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Targa Resources by financial experts is analyzed through recent analyst actions. The following summary presents 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 Staszak | Argus Research | Announces | Buy | $140.00 | - |
| Shneur Gershuni | UBS | Raises | Buy | $147.00 | $116.00 |
| Robert Kad | Morgan Stanley | Raises | Overweight | $140.00 | $134.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $125.00 | $120.00 |
| Jeremy Tonet | JP Morgan | Raises | Overweight | $140.00 | $130.00 |
| Elvira Scotto | RBC Capital | Raises | Outperform | $128.00 | $123.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $124.00 | $109.00 |
| Selman Akyol | Stifel | Raises | Buy | $130.00 | $111.00 |
| Tristan Richardson | Scotiabank | Raises | Sector Outperform | $128.00 | $112.00 |
| Christine Cho | Barclays | Raises | Overweight | $122.00 | $116.00 |
| John Mackay | Goldman Sachs | Raises | Buy | $117.00 | $105.00 |
| Gabriel Moreen | Mizuho | Raises | Buy | $130.00 | $105.00 |
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: 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: Delving into movements, analysts provide estimates for the future value of Targa Resources's stock. This analysis reveals shifts in analysts' expectations over time.
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.
Discovering Targa Resources: A Closer Look
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.
Key Indicators: Targa Resources's Financial Health
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Targa Resources's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.93% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.03%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Targa Resources's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.11% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Targa Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.33%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 4.86, Targa Resources faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding the Relevance of 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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.