Critical Insights From Targa Resources Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have provided varied ratings for Targa Resources (NYSE:TRGP) over the last quarter, with the latest average 12-month price target being $106.75, an increase from the previous $103.50. The ratings range from bullish to somewhat bullish, with no bearish or indifferent stances. Recent actions by analysts include both raised and lowered price targets. Targa Resources is a midstream firm with significant operations in various plays and has recently faced a revenue decline of -27.3% and challenges in net margin and debt management, despite a strong ROE.
January 18, 2024 | 4:00 pm
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NEUTRAL IMPACT
Targa Resources has received varied analyst ratings with an updated average price target of $106.75. Despite a revenue decline and high debt, the company has a strong ROE, which may influence investor sentiment.
The mixed analyst ratings with a slight increase in the average price target suggest a neutral short-term impact on TRGP's stock price. The revenue decline and high debt-to-equity ratio could be concerning to investors, but the strong ROE may offset some negative sentiment. The confidence in this analysis is high due to the direct correlation between analyst ratings, price targets, and stock performance, but it is not at 100 due to the complexity of market reactions to financial indicators.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100