Targa Resources Corp (NYSE: TRGP) has reported E.P.S. of $1.74 for its third fiscal quarter (ending September 30) versus $0.97 for the same period a year ago — an increase of 79%. For the latest four quarters through September 30, E.P.S. were $5.55 compared to $3.84 a year ago — an increase of 45%.
Recent Price Action
Targa Resources Corp (NYSE: TRGP) stock closed at $177.40 on 11/5/24 after a large increase of 4.8%. Moreover, trading volume in this advance was unusually high at 169% of normal. The stock has risen 7.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Targa Resources has a neutral Appreciation Score of 44 but a very high Power Rating of 99, with the Positive Value Trend Rating the result.
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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