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NYSE:TRGP

Targa Resources - TRGP Price Target & Analyst Ratings

$70.69

+2.07 (+3.02%)

(As of 03/21/2023 01:15 PM ET)

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Today's Range: $69.70
▼
$71.28
50-Day Range: $67.47
▼
$79.24
52-Week Range: $55.56
▼
$81.50

Volume: 997,067 shs
Average Volume: 1.63 million shs
Market Capitalization: $16.02 billion

P/E Ratio: 18.17
Dividend Yield: 1.98%
Price Target: $97.91

Institutional Ownership

Targa Resources Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Buy
Based on 13 Analyst Ratings

Consensus Analyst Price Target

$97.91
38.50% Upside

High Prediction	$115.00
Average Prediction	$97.91
Low Prediction	$87.00

Type	Current 3/21/22 to 3/21/23	1 Month Ago 2/19/22 to 2/19/23	3 Months Ago 12/21/21 to 12/21/22	1 Year Ago 3/21/21 to 3/21/22
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$97.91	$94.80	$90.00	$67.67
Predicted Upside	38.50% Upside	37.12% Upside	33.81% Upside	23.02% Upside

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TRGP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TRGP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Targa Resources Stock vs. The Competition

Type	Targa Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.08	2.59	2.47
Consensus Rating	Buy	Buy	Hold
Predicted Upside	42.68% Upside	179.67% Upside	23.18% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/2/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$115.00	+50.74%
3/1/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$89.00 ➝ $94.00	+26.86%
2/28/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$92.00 ➝ $95.00	+26.23%
2/16/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sibal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
2/2/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$92.00 ➝ $94.00	+26.04%
12/15/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$107.00 ➝ $106.00	+48.46%

12/8/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$95.00	+39.15%
11/28/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$85.00 ➝ $90.00	+24.50%
10/19/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$105.00 ➝ $108.00	+60.86%
9/8/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$93.00	+36.40%
7/25/2022	US Capital Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
7/20/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$92.00 ➝ $87.00	+38.89%
7/12/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$90.00 ➝ $100.00	+69.69%
2/7/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Stephen Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$62.00	+1.54%
1/18/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$73.00 ➝ $72.00	+24.03%
11/10/2021	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$60.00 ➝ $64.00	+11.81%
4/14/2021	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$37.00	+16.94%
1/22/2021	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$34.00	+18.18%
1/13/2021	Smith Barney Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$22.00 ➝ $36.00	+17.19%
12/21/2020	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$33.00 ➝ $37.00	+38.11%
10/9/2020	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$18.00 ➝ $19.00	+11.90%
8/21/2020	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. May Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/13/2020	SunTrust Banks Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Buy	$15.00 ➝ $20.00	+38.12%

(Data available from 3/21/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

TRGP Price Target - Frequently Asked Questions

What is Targa Resources's consensus rating and price target?: According to the issued ratings of 13 analysts in the last year, the consensus rating for Targa Resources stock is Buy based on the current 12 buy ratings and 1 strong buy rating for TRGP. The average twelve-month price prediction for Targa Resources is $97.91 with a high price target of $115.00 and a low price target of $87.00. Learn more on TRGP's analyst rating history.
Do Wall Street analysts like Targa Resources more than its competitors?: Analysts like Targa Resources more than other Oils/Energy companies. The consensus rating score for Targa Resources is 3.08 while the average consensus rating score for oils/energy companies is 2.59. Learn more on how TRGP compares to other companies.
Does Targa Resources's stock price have much upside?: According to analysts, Targa Resources's stock has a predicted upside of 40.04% based on their 12-month price targets.

What analysts cover Targa Resources?: Targa Resources has been rated by Mizuho, Raymond James, Scotiabank, Seaport Res Ptn, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:TRGP) was last updated on 3/21/2023 by MarketBeat.com Staff

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