BMO Capital analyst Danilo Juvane reiterated a Hold rating on Targa Resources Corp (NYSE: TRGP) on July 12 and set a price target of $54. The company’s shares closed yesterday at $52.26, close to its 52-week high of $52.54.
According to TipRanks.com, Juvane is a 4-star analyst with an average return of 12.2% and a 70.8% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.
Currently, the analyst consensus on Targa Resources Corp is a Moderate Buy with an average price target of $53.29, a 2.0% upside from current levels. In a report issued on July 12, SunTrust Robinson also initiated coverage with a Hold rating on the stock with a $53 price target.
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The company has a one-year high of $52.54 and a one-year low of $39.59. Currently, Targa Resources Corp has an average volume of 2M.
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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following segments: Gathering and Processing, and Logistics and Marketing.
