For its second fiscal quarter (ending June 30), Targa Resources Corp (NYSE: TRGP) has reported E.P.S. of $1.33 compared to $1.44 a year ago. E.P.S. were $4.77 for the latest four quarters through June 30 versus $3.72 for the same period a year ago.
Recent Price Action
On 8/1/24, Targa Resources Corp (NYSE: TRGP) stock rose modestly by 0.6%, closing at $136.10. Moreover, this advance was accompanied by unusually high trading volume at 160% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.4% during the last week.
Current PriceTarget Research Rating
TRGP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Targa Resources has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Targa Resources has a neutral Appreciation Score of 41 but a very high Power Rating of 95, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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