Targa Resources (TRGP) Gets a Buy from RBC Capital
In a report released yesterday, Elvira Scotto from RBC Capital reiterated a Buy rating on Targa Resources, with a price target of $218.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Scotto covers the Energy sector, focusing on stocks such as Williams Co, Targa Resources, and Kinder Morgan. According to TipRanks, Scotto has an average return of 11.4% and a 63.67% success rate on recommended stocks.
In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $198.00 price target.
Based on Targa Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.2 billion and a net profit of $475.5 million. In comparison, last year the company earned a revenue of $3.89 billion and had a net profit of $384.5 million
Based on the recent corporate insider activity of 46 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, D. Scott Pryor, the President – Logistics and Transportation of TRGP sold 20,000.00 shares for a total of $3,444,000.00.
Read More on TRGP:
Disclaimer & DisclosureReport an Issue
- Targa Resources to acquire Stakeholder Midstream for $1.25B in cash
- Targa Resources price target raised to $213 from $208 at RBC Capital
- Targa Resources price target lowered to $198 from $199 at Scotiabank
- Targa Resources price target lowered to $188 from $189 at Goldman Sachs
- Targa Resources Completes $1.75 Billion Senior Notes Offering
