Economy

Targa Resources, Inc. (TRGP) PT Lowered to $53.00

The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Penserra Capital Management LLC now owns 3,529 shares of the pipeline company's stock valued at $211,000 after buying an additional 1,228 shares during the period. The company has market cap of $1.93 billion. The stock declined 0.48% or $0.23 reaching $47.54 on the news. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since October 12, 2016 and is uptrending. Toronto Dominion Bank reported 0% of its portfolio in Sirius XM Holdings Inc. The hedge fund held 7.92 million shares of the public utilities company at the end of 2017Q2, valued at $358.05 million, up from 7.68M at the end of the previous reported quarter. The company has market cap of $10.28 billion. Narrowing in further, the stock has been recently noted at 0.33% away from the 50 day high and 15.42% separated from the 50 day low.

Targa Resources Corp (NYSE:TRGP) institutional sentiment decreased to 1.56 in Q2 2017. It has outperformed by 1.72% the S&P500. First Mercantile Trust holds 0.21% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 25,365 shares. More interesting news about Targa Resources Corp (NYSE:TRGP) was released by: Fool.com and their article: "Better Buy: TransCanada Corporation vs. Targa Resources Corp." with publication date: September 19, 2017. Therefore 38% are positive. Jefferies Group LLC reiterated a buy rating and set a $49.00 target price (down from $50.00) on shares of Targa Resources in a report on Friday, September 1st. Deutsche Bank maintained Targa Resources Corp (NYSE:TRGP) on Thursday, March 30 with "Buy" rating. Stifel Nicolaus has "Buy" rating and $48 target. The stock of Targa Resources Corp (NYSE:TRGP) earned "Outperform" rating by Evercore on Tuesday, March 7. As per Thursday, August 4, the company rating was upgraded by Stifel Nicolaus. The stock has "Buy" rating by RBC Capital Markets on Monday, September 25. The rating was maintained by Wunderlich on Wednesday, August 31 with "Hold". The company was maintained on Monday, October 26 by RBC Capital Markets. It also reduced its holding in Concho Resources Inc Com Stk (NYSE:CXO) by 5,000 shares in the quarter, leaving it with 46,000 shares, and cut its stake in Rsp Permian Inc (NYSE:RSPP).

Since May 10, 2017, it had 0 buys, and 2 sales for $707,772 activity. Shares for $133,066 were sold by Middlebrooks Dan C on Tuesday, May 16.

In this case, shares are down -23.24% from $61.83, the 52-week high touched on February 07, 2017, but are collecting gains at -1.08% for the past 12 months. The stock now has Monthly Volatility of 1.23% and Weekly Volatility of 0.94%. It fall, as 58 investors sold TRGP shares while 78 reduced holdings. 57 funds opened positions while 116 raised stakes. The investment managers in our partner's database now hold: 182.63 million shares, up from 164.50 million shares in 2017Q1. After having $0.14 EPS previously, Targa Resources Corp's analysts see -135.71% EPS growth.

Targa Resources Corporation (NYSE:TRGP) had a decrease of 12.39% in short interest.

Citigroup Inc. lowered shares of Targa Resources, Inc. During that time period, shares are up 10.83% which has provided some nice profits for investors who may be looking to take advantage of the recent gains. Moreover, Hightower Advsr Llc has 0.02% invested in Targa Resources Corp (NYSE:TRGP). (NYSE:NI). Gsa Prtn Ltd Liability Partnership holds 0.04% or 21,561 shares in its portfolio. Creative Planning holds 41,035 shares or 0.01% of its portfolio. (NASDAQ:SIRI). Shell Asset Management has invested 0.02% in Sirius XM Holdings Inc. Targa Resources Corp's dividend payout ratio is now -2,599.81%. State Board Of Administration Of Florida Retirement Sys owns 0.03% invested in Targa Resources Corp (NYSE:TRGP) for 260,126 shares. Therefore 11% are positive. 14,911 were reported by Millennium Mngmt Limited Co. The rating was upgraded by Raymond James on Friday, May 5 to "Strong Buy". The company was maintained on Monday, May 2 by Barclays Capital. The rating was downgraded by Wells Fargo to "Hold" on Wednesday, August 2. The firm has "Buy" rating by Jefferies given on Thursday, January 14. The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) earned "Buy" rating by Drexel Hamilton on Thursday, August 3. The rating was downgraded by Credit Suisse to "Neutral" on Tuesday, October 13. On Tuesday, December 15 the stock rating was initiated by Oppenheimer with "Outperform". West Family Investments reported 47,178 shares stake. 258.78 million shares or 0.42% less from 259.88 million shares in 2017Q1 were reported. Barrett Asset Mgmt Limited invested in 710 shares.

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