Here's How Much $1000 Invested In Targa Resources 5 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) has delivered an average annual return of 22.48% over the past 5 years, outperforming the market by 10.76%. A $1000 investment in TRGP 5 years ago would now be worth $2,815.14. The company currently has a market capitalization of $25.16 billion.
May 01, 2024 | 3:00 pm
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Targa Resources has significantly outperformed the market with a 22.48% average annual return over the past 5 years, growing a $1000 investment to $2,815.14.
The substantial average annual return of 22.48% over the past 5 years indicates strong performance and potential investor confidence in Targa Resources. This performance, significantly above the market average, suggests a positive outlook for TRGP's stock in the short term, especially considering its current market capitalization of $25.16 billion which reflects a solid company size and investor base.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100