Robert W. Baird analyst Ethan Bellamy reiterated a Buy rating on Targa Resources Corp (NYSE: TRGP) yesterday and set a price target of $62. The company’s shares opened today at $52.80, close to its 52-week high of $54.81.
According to TipRanks.com, Bellamy is a 3-star analyst with an average return of 1.7% and a 57.6% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Noble Midstream Partners LP, and CNX Midstream Partners LP.
Currently, the analyst consensus on Targa Resources Corp is a Moderate Buy with an average price target of $55.25, implying a 4.6% upside from current levels. In a report issued on August 9, Raymond James also maintained a Buy rating on the stock.
.
See today’s analyst top recommended stocks >>
Targa Resources Corp’s market cap is currently $11.83B and has a P/E ratio of 114.02. The company has a Price to Book ratio of 1.90.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
