Targa Resources Investments (NASDAQ: TRGP) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
The analysts wrote, “Targa Resources (TRGP) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins.”
A number of other firms have also recently commented on TRGP. Analysts at Robert W. Baird raised their price target on shares of Targa Resources Investments from $68.00 to $71.00 in a research note to investors on Friday, February 15th. Separately, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Targa Resources Investments in a research note to investors on Friday, February 15th. They now have a $65.00 price target on the stock, up previously from $62.00. Finally, analysts at Deutsche Bank raised their price target on shares of Targa Resources Investments from $47.00 to $62.00 in a research note to investors on Friday, January 11th. They now have a “hold” rating on the stock.
Shares of Targa Resources Investments opened at 61.38 on Tuesday. Targa Resources Investments has a 52 week low of $39.89 and a 52 week high of $63.89. The stock’s 50-day moving average is currently $60.37. The company has a market cap of $2.598 billion and a P/E ratio of 67.45.
Targa Resources Corp. (Targa) forms the Partnership to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets.
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