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Targa Resources Price Target & Analyst Ratings (NYSE:TRGP)

+0.02 (+0.05 %)
(As of 01/19/2020 04:00 PM ET)
Today's Range
Now: $41.28
50-Day Range
MA: $38.97
52-Week Range
Now: $41.28
Volume1.47 million shs
Average Volume1.87 million shs
Market Capitalization$9.61 billion
P/E RatioN/A
Dividend Yield8.82%

Analyst Ratings

Targa Resources (NYSE:TRGP) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.
18 Wall Street analysts have issued ratings and price targets for Targa Resources in the last 12 months. Their average twelve-month price target is $45.32, suggesting that the stock has a possible upside of 9.78%. The high price target for TRGP is $54.00 and the low price target for TRGP is $36.00. There are currently 1 sell rating, 8 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.502.672.722.74
Ratings Breakdown: 1 Sell Rating(s)
8 Hold Rating(s)
8 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
7 Hold Rating(s)
10 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
6 Hold Rating(s)
11 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
5 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $45.32$46.67$48.06$54.33
Price Target Upside: 9.78% upside27.75% upside23.58% upside37.14% upside

Targa Resources (NYSE:TRGP) Consensus Price Target History

Average Share Price and Price Target 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.


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Targa Resources (NYSE:TRGP) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/8/2020Wolfe ResearchDowngradePeer Perform ➝ Underperform$39.00 ➝ $36.00High
1/7/2020Wells Fargo & CoReiterated RatingHoldLow
1/6/2020Morgan StanleyInitiated CoverageEqual Weight$39.00High
12/2/2019Robert W. BairdLower Price TargetOutperform$49.00 ➝ $43.00Low
11/21/2019Capital One FinancialDowngradeOverweight ➝ Equal Weight$42.00Low
11/4/2019Piper Jaffray CompaniesInitiated CoverageNeutral$43.00Medium
10/15/2019BarclaysSet Price TargetBuy$49.00N/A
10/11/2019Stifel NicolausDowngradeBuy ➝ Hold$41.00Medium
9/10/2019Bank of AmericaSet Price TargetBuy$48.00 ➝ $44.00High
8/28/2019Raymond JamesUpgradeOutperform ➝ Strong-Buy$48.00High
8/16/2019UBS GroupSet Price TargetBuy$54.00Low
8/15/2019Credit Suisse GroupLower Price TargetOutperform$49.00 ➝ $44.00Low
8/11/2019Evercore ISIReiterated RatingNeutral ➝ HoldLow
8/9/2019SunTrust BanksSet Price TargetBuy$45.00Low
8/9/2019Royal Bank of CanadaLower Price TargetOutperform$51.00Low
7/12/2019MizuhoSet Price TargetHold$45.00Low
4/8/2019Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$50.00Low
2/21/2019BMO Capital MarketsLower Price Target$50.00Low
1/29/2019Seaport Global SecuritiesUpgradeNeutral ➝ Buy$48.00Low
1/8/2019JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$59.00 ➝ $54.00High
12/20/2018Jefferies Financial GroupUpgradeHold ➝ BuyHigh
12/2/2018CitigroupLower Price Target$56.00High
11/19/2018US Capital AdvisorsUpgradeHold ➝ OverweightMedium
4/19/2018Deutsche BankInitiated CoverageHold$50.00Low
4/16/2018GuggenheimSet Price TargetBuy$50.00Low
2/1/2018Goldman Sachs GroupUpgradeNeutral ➝ Buy$68.00Medium
(Data available from 1/19/2018 forward)
This page was last updated on 1/19/2020 by MarketBeat.com Staff

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