Discussion stirs around Targa Resources Corp. (NYSE:TRGP) this week; here is what analysts are saying.

July 14, 2018 - By Richard Conner

Investors sentiment increased to 1.33 in Q1 2018. Its up 0.28, from 1.05 in 2017Q4. It increased, as 31 investors sold Targa Resources Corp. shares while 105 reduced holdings. 56 funds opened positions while 125 raised stakes. 202.60 million shares or 4.63% more from 193.64 million shares in 2017Q4 were reported.
World Asset Mgmt Inc stated it has 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). The Japan-based Nomura Asset Limited has invested 0.02% in Targa Resources Corp. (NYSE:TRGP). Profund Advisors Limited Liability Company reported 7,348 shares. Dekabank Deutsche Girozentrale reported 11,936 shares. Old Mutual Global Invsts (Uk) Limited invested 0.01% in Targa Resources Corp. (NYSE:TRGP). Janney Montgomery Scott Limited Liability Company holds 45,345 shares or 0.02% of its portfolio. Comerica Financial Bank holds 27,609 shares or 0.01% of its portfolio. Calamos Llc accumulated 0.02% or 72,605 shares. Fort Washington Inv Oh holds 306,902 shares. Gould Asset Ltd Liability Co Ca stated it has 7,348 shares or 0.14% of all its holdings. Blackstone Grp Inc Ltd Partnership reported 0.06% in Targa Resources Corp. (NYSE:TRGP). Regions has 2,348 shares. Boston Prtnrs reported 0.07% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Kazazian Asset Mngmt Limited Liability Company has invested 0.68% in Targa Resources Corp. (NYSE:TRGP). Captrust Financial Advsrs has 10 shares for 0% of their portfolio.

Targa Resources Corp. (NYSE:TRGP) Ratings Coverage

Among 11 analysts covering Targa Resources Corp (NYSE:TRGP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Targa Resources Corp had 17 analyst reports since January 16, 2018 according to SRatingsIntel. The company was maintained on Friday, March 2 by UBS. Stifel Nicolaus maintained Targa Resources Corp. (NYSE:TRGP) rating on Friday, May 4. Stifel Nicolaus has “Buy” rating and $53 target. On Friday, February 16 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Overweight” rating by Barclays Capital on Wednesday, January 17. The firm earned “Overweight” rating on Tuesday, April 17 by Barclays Capital. The firm has “Buy” rating by Seaport Global given on Wednesday, February 14. The rating was maintained by Citigroup on Tuesday, February 6 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. The firm has “Buy” rating given on Tuesday, April 24 by Seaport Global. On Monday, April 23 the stock rating was maintained by Robert W. Baird with “Buy”. Below is a list of Targa Resources Corp. (NYSE:TRGP) latest ratings and price target changes.

12/07/2018 Broker: SunTrust Rating: Hold New Target: $53 Initiates Coverage On
12/06/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $57 New Target: $52 Downgrade
04/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $55 New Target: $53 Maintain
24/04/2018 Broker: Seaport Global Rating: Buy New Target: $53.0000 Maintain
23/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $58.0000 Maintain
20/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $50 Initiates Coverage On
17/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $58 New Target: $57 Maintain
16/04/2018 Broker: Guggenheim Rating: Buy New Target: $50.0000 Maintain
15/03/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $58 New Target: $60 Maintain
02/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $56 New Target: $58 Maintain

The stock increased 2.09% or $1.07 during the last trading session, reaching $52.26. About 2.55M shares traded or 26.06% up from the average. Targa Resources Corp. (NYSE:TRGP) has declined 3.47% since July 14, 2017 and is downtrending. It has underperformed by 16.04% the S&P500.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid services in the United States. The company has market cap of $11.47 billion. The firm operates in two divisions, Gathering and Processing, and Logistics and Marketing. It has a 145.17 P/E ratio. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products.

Another recent and important Targa Resources Corp. (NYSE:TRGP) news was published by Globenewswire.com which published an article titled: “Targa NGL Pipeline Company Launches Open Season” on June 15, 2018.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart

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