Targa Resources (TRGP) Receives a Buy from BMO Capital
In a report released today, Ameet Thakkar from BMO Capital maintained a Buy rating on Targa Resources, with a price target of $271.00.
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Thakkar covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Thakkar has an average return of -6.5% and a 50.37% success rate on recommended stocks.
In a report released today, Goldman Sachs also maintained a Buy rating on the stock with a $268.00 price target.
Based on Targa Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.06 billion and a net profit of $545 million. In comparison, last year the company earned a revenue of $4.41 billion and had a net profit of $351 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRGP in relation to earlier this year. Last month, Robert Muraro, the CCO of TRGP sold 24,589.00 shares for a total of $5,934,309.26.
Read More on TRGP:
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- Targa Resources price target raised to $268 from $242 at Goldman Sachs
- Targa Resources raises quarterly dividend to $1.25 from $1.00 per share
- Targa Resources price target raised to $249 from $246 at Scotiabank
- Targa Resources price target raised to $270 from $260 at RBC Capital
- Targa Resources price target raised to $285 from $279 at Truist
