Today RBC Capital Maintains a “Buy” Rating on Targa Resources Corp (NYSE:TRGP) and a $60.0 Target Price

January 20, 2018 - By Louis Casey

 Today RBC Capital Maintains a

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.32, from 1.56 in 2017Q2. It fall, as 33 investors sold Targa Resources Corp. shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported.

North Star Investment Mngmt stated it has 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Alps Advsr Inc holds 0.05% in Targa Resources Corp. (NYSE:TRGP) or 140,162 shares. Sei Invests stated it has 54,334 shares or 0.01% of all its holdings. 38,300 are owned by Amalgamated Natl Bank. Boothbay Fund Mgmt Limited Liability has invested 0.06% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Fidelity Finance Inc has 67,959 shares for 0.7% of their portfolio. Bankshares Of America Corporation De accumulated 1.97 million shares. Vantage Inv Ltd Llc invested in 71 shares. Adams Natural Res Fund owns 193,600 shares. Energ Income Ptnrs Ltd Com holds 794,982 shares or 0.69% of its portfolio. Center Coast Cap Advisors Lp owns 5.40M shares or 6.33% of their US portfolio. Oppenheimer Asset Management stated it has 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Bb&T Securities holds 22,876 shares. Benedict Advsrs owns 7,801 shares. Hite Hedge Asset Management Ltd Com holds 0.05% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 4,408 shares.

Since August 10, 2017, it had 0 insider buys, and 1 sale for $93,874 activity.

Targa Resources Corp (NYSE:TRGP) Rating Reaffirmed

RBC Capital now has a $60.0 target price on shares of Targa Resources Corp (NYSE:TRGP). The target price means a potential upside of 18.27 % from the close price of Targa Resources Corp (NYSE:TRGP). This rating was revealed in a note on Sunday, 29 October.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.32, from 1.56 in 2017Q2. It fall, as 33 investors sold Targa Resources Corp. shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported.

North Star Investment Mngmt stated it has 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Alps Advsr Inc holds 0.05% in Targa Resources Corp. (NYSE:TRGP) or 140,162 shares. Sei Invests stated it has 54,334 shares or 0.01% of all its holdings. 38,300 are owned by Amalgamated Natl Bank. Boothbay Fund Mgmt Limited Liability has invested 0.06% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Fidelity Finance Inc has 67,959 shares for 0.7% of their portfolio. Bankshares Of America Corporation De accumulated 1.97 million shares. Vantage Inv Ltd Llc invested in 71 shares. Adams Natural Res Fund owns 193,600 shares. Energ Income Ptnrs Ltd Com holds 794,982 shares or 0.69% of its portfolio. Center Coast Cap Advisors Lp owns 5.40M shares or 6.33% of their US portfolio. Oppenheimer Asset Management stated it has 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Bb&T Securities holds 22,876 shares. Benedict Advsrs owns 7,801 shares. Hite Hedge Asset Management Ltd Com holds 0.05% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 4,408 shares.

Since August 10, 2017, it had 0 insider buys, and 1 sale for $93,874 activity.

Targa Resources Corp. (NYSE:TRGP) Ratings Coverage

Among 19 analysts covering Targa Resources (NYSE:TRGP), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Targa Resources has $110 highest and $24 lowest target. $53.91’s average target is 6.27% above currents $50.73 stock price. Targa Resources had 78 analyst reports since August 5, 2015 according to SRatingsIntel. Raymond James upgraded the stock to “Outperform” rating in Thursday, January 12 report. The stock has “Buy” rating by Citigroup on Thursday, November 2. The company was upgraded on Friday, December 18 by Jefferies. Credit Suisse maintained the stock with “Hold” rating in Thursday, May 25 report. UBS maintained it with “Buy” rating and $5900 target in Thursday, June 22 report. On Thursday, November 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained it with “Buy” rating and $60.0 target in Tuesday, January 16 report. As per Friday, October 13, the company rating was maintained by Wells Fargo. The firm earned “Buy” rating on Thursday, August 4 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Thursday, October 5.

The stock increased 0.08% or $0.04 during the last trading session, reaching $50.73. About 1.50M shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since January 20, 2017 and is uptrending. It has outperformed by 1.72% 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 $10.94 billion. The firm operates in two divisions, Gathering and Processing, and Logistics and Marketing. It currently has negative earnings. 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.

More news for Targa Resources Corp. (NYSE:TRGP) were recently published by: Nasdaq.com, which released: “Targa Resources Corp. Announces Quarterly Dividends” on January 18, 2018. Streetinsider.com‘s article titled: “Form 4 Targa Resources Corp. For: Jan 17 Filed by: Middlebrooks Dan C” and published on January 19, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.