Should Investors Trust The Upside Potential In Targa Resources Corp (TRGP)?

Targa Resources Corp (NYSE:TRGP) currently has a daily average trading volume of 2.25M but it saw 2487477 shares traded in last market. With a market cap of 34.86B USD, the company’s current market price of $160.68 came falling about -2.58 while comparing to the previous closing price of $164.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $218.51 and as low as $114.51.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which resumed the stock as “Sector Outperform” in its note to investors issued on January 10, 2025, recommending a price target of $218 for it. Goldman also issued its recommendations for the stock as it resumed the price target for the stock is $101.

Over the week, TRGP’s stock price is moving 0.84% up while it is 1.54% when we observe its performance for the past one month. Year-to-date it is -9.98% down and over the past year, the stock is showing an upside performance of 35.90%.

Currently, Targa Resources Corp’s total number of outstanding shares is 217.46M with 1.41% of that held by the insiders while 92.77% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.64% and return on equity (ROE) at 46.37%. It has a price to earnings ratio (P/E ratio) of 29.52 while having a 17.39 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 14.25 while price to sale or P/S ratio amounts to 2.06. Its return on asset (ROA) is 5.48% on average.

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