Economy

Today Analysts Focus on Targa Resources Corp. (TRGP), Pinnacle Foods Inc. (PF)

Of those insider trades, 0 shares of Targa Resources Corp. were purchased and 3,258 shares were sold. That's a potential 30.65 gain from where (NYSE:TRGP) has been trading recently. Unfortunately, it is really too early to view Targa Resources as a dividend investment.

A number of other large investors have also recently added to or reduced their stakes in TRGP. Bollard Group LLC raised its stake in shares of Targa Resources by 1.1% during the 2nd quarter. Amp Capital Investors accumulated 85,828 shares or 0.02% of the stock. The insider now holds 113,464 shares of Targa Resources Corp. Ffcm LLC now owns 2,716 shares of the pipeline company's stock worth $122,000 after purchasing an additional 1,910 shares in the last quarter. Ffcm LLC raised its stake in Targa Resources by 237.0% in the 2nd quarter. The company was downgraded on Thursday, December 1 by Stifel Nicolaus. Shine Investment Advisory Services Inc. acquired a new stake in shares of Targa Resources during the 2nd quarter worth about $105,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Targa Resources in the 1st quarter worth $288,000.

In other Targa Resources news, insider Dan C. Middlebrooks sold 2,100 shares of the firm's stock in a transaction on Thursday, August 10th. The stock presently has an average rating of "Hold" and an average price target of $54.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

Recently, analysts have updated the overall rating to 2.1.

NYSE:TRGP Historical Dividend Yield Oct 28th 17 How well does Targa Resources fit our criteria?

The average Wall Street analyst rating for Targa Resources Corp.is Strong Buy, according to the average of 16 analyst scores. Zacks Investment Research cut Targa Resources from a "hold" rating to a "sell" rating in a report on Thursday, July 13th. BidaskClub lowered Targa Resources from a "hold" rating to a "sell" rating in a research report on Wednesday. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

The average 1-year price target for FireEye, Inc.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of global trademark and copyright legislation. Connecticut-based Wexford Capital L P has invested 0.65% in Targa Resources Corp (NYSE:TRGP). Revenue, on the other hand, scored -6.74% growth from the previous quarter, coming up with $1.97 billion. (TRGP) opened at 40.69 on Friday. Bollard Group LLC now owns 2,526 shares of the pipeline company's stock worth $114,000 after purchasing an additional 27 shares in the last quarter. The stock's market cap is $8.62 billion. When looking at the past five sessions, the stock returned -9.24% losses and is down by -20.31% compared with its 200-day moving average of $47.22. Shareholders of record on Wednesday, November 1st will be paid a $0.91 dividend. The rating was upgraded by Oddo & Cie to "Buy" on Tuesday, October 6. Finally, ValuEngine downgraded shares of Targa Resources from a "hold" rating to a "sell" rating in a report on Friday, September 1st. Royal Bank Of Canada decreased their price objective on Targa Resources from $67.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, July 14th. It provides midstream services. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products.



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