.png "Targa Resources Corp (NYSE: TRGP)")
After Wells Fargo and Robert W. Baird gave Targa Resources Corp (NYSE: TRGP) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Christine Cho, CFA maintained a Buy rating on Targa Resources Corp yesterday and set a price target of $49.00. The company’s shares closed last Monday at $38.86.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -1.0% and a 45.7% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, EnLink Midstream LLC, and Cheniere Energy Inc.
Currently, the analyst consensus on Targa Resources Corp is a Moderate Buy with an average price target of $45.75, implying a 17.7% upside from current levels. In a report issued on October 8, Robert W. Baird also maintained a Buy rating on the stock with a $49.00 price target.
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Based on Targa Resources Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.2 million. In comparison, last year the company had a GAAP net loss of $23.7 million.
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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 business segments: Gathering and Processing, and Logistics and Marketing.
