Recent important positive changes in fundamentals have benefitted Targa Resources Corp (NYSE: TRGP): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Targa Resources Corp (NYSE: TRGP) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Targa Resources has a neutral Appreciation Score of 45 but a very high Power Rating of 99, leading to the Highest Value Trend Rating.
Recent Price Action
Targa Resources Corp (NYSE: TRGP) stock rose modestly by 0.4% on 9/11/24. The stock closed at $144.72. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.4% during the last week.
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