Economy

Targa Resources, Inc. (NYSE:TRGP) Lowered to "Sell" at Zacks Investment Research

Gartner Inc (NYSE:IT) has risen 15.57% since November 6, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Gam Holding Ag increased Targa Res Corp (TRGP) stake by 63.49% reported in 2017Q2 SEC filing. Salient Capital Advisors Llc bought 186,172 shares as the company's stock declined 13.24% while stock markets rallied. The Agf Investments Inc holds 344,163 shares with $16.14 million value, up from 323,882 last quarter. Salient Capital Advisors Llc who had been investing in Targa Res Corp for a number of months, seems to be bullish on the $9.48 billion market cap company. 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. About 689,275 shares traded.

Targa Resources Corp. (NYSE:TRGP), stock is trading $61.83 above the 52-week high and has displayed a high EPS growth of -34.70% in last 5 years. It has outperformed by 1.72% the S&P500. The stock stands almost -26.77% off versus the 52-week high and 14.37% away from the 52-week low. The original version of this article can be accessed at https://www.truebluetribune.com/2017/11/06/public-employees-retirement-system-of-ohio-buys-2908-shares-of-targa-resources-inc-trgp.html. The ex-dividend date of this dividend is Tuesday, October 31st.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Targa Resources's dividend payout ratio is presently -136.84%. RBC Capital Markets maintained it with "Outperform" rating and $69 target in Wednesday, November 4 report. As per Tuesday, August 9, the company rating was downgraded by Barclays Capital. The stock has "Buy" rating by Bank of America on Monday, October 31. The average price target is $41.62 with four analysts rating the company a strong buy, 3 brokerages rating the stock a buy, 12 brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell. The rating was maintained by Imperial Capital on Friday, July 29 with "In-Line". The firm has "Outperform" rating by Wells Fargo given on Friday, October 13. (TRGP). The consensus rating is 2.1, suggesting the market has given up on the stock. Deutsche Bank downgraded it to "Hold" rating and $4700 target in Thursday, July 13 report. Berenberg initiated Benefitfocus Inc (NASDAQ:BNFT) rating on Tuesday, February 7. Company insiders own 1.93% of the company's stock. (NYSE:CAE) stake by 305,614 shares and now owns 630,703 shares.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.24, from 1.07 in 2017Q1. 182.63 million shares or 11.02% more from 164.50 million shares in 2017Q1 were reported. Guggenheim Ltd holds 0.04% in Targa Resources Corp (NYSE:TRGP) or 349,264 shares.

Baird reiterated their buy rating on shares of Targa Resources, Inc. Salient Capital Advisors Ltd Liability Corp accumulated 4.18% or 4.71M shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 19,415 shares stake. 262,356 were reported by Catalyst Cap Advisors Ltd Liability Corp. Connor Clark And Lunn Inv Mngmt Ltd owns 18,950 shares or 0.01% of their USA portfolio. The stock of Targa Resources Corp (NYSE:TRGP) has "Buy" rating given on Thursday, March 30 by Deutsche Bank. Qci Asset Mgmt New York reported 124 shares stake. With 1.12M avg volume, 6 days are for Targa Resources Corporation (NYSE:TRGP)'s short sellers to cover TRGP's short positions. Horrell Capital Mngmt owns 112,264 shares. Virginia Retirement Et Al reported 0.02% of its portfolio in Targa Resources Corp (NYSE:TRGP). Rr Limited Liability Company has 1.37 million shares. TRGP's SI was 6.85 million shares in November as released by FINRA.

Benefitfocus, Inc.is a well-known provider of cloud benefits management platform for consumers, employers, insurance carriers and brokers. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 8 Hold. Gartner Inc had 32 analyst reports since August 3, 2015 according to SRatingsIntel. (NYSE:WM) earned "Overweight" rating by Barclays Capital on Monday, November 7. On Wednesday, September 20 the stock rating was maintained by Robert W. Baird with "Buy". Canaccord Genuity maintained the stock with "Buy" rating in Tuesday, August 22 report. Macquarie Research maintained it with "Buy" rating and $16000 target in Tuesday, June 6 report. Brean Capital maintained Apple Inc. The stock has "Sector Perform" rating by RBC Capital Markets on Friday, November 6. Brean Capital has "Buy" rating and $155 target. As per Thursday, October 12, the company rating was maintained by BMO Capital Markets. The firm earned "Outperform" rating on Monday, April 4 by Credit Suisse.

Investors sentiment increased to 0.68 in Q2 2017. Its down 0.05, from 1.61 in 2017Q1. It increased, as 39 investors sold IT shares while 90 reduced holdings. 49 funds opened positions while 121 raised stakes. Woodmont Inv Counsel Lc has 41,297 shares for 1.68% of their portfolio. The stock of Waste Management, Inc. Gartner Inc now has $10.67 billion valuation. Nbt Bank N A Ny owns 132,023 shares or 3.1% of their United States portfolio. Cipher Cap Limited Partnership holds 0.1% or 28,834 shares. Northwestern Mutual Wealth Mgmt has invested 0.68% in Apple Inc. (NASDAQ:AAPL). Hourglass Cap invested in 72,180 shares or 2.61% of the stock. Prudential Finance holds 21,672 shares. Walnut Private Equity Ltd Llc holds 116,689 shares or 4.25% of its portfolio. It also upped Dst Sys Inc Del (NYSE:DST) stake by 8,100 shares and now owns 16,100 shares. Moreover, Legacy Private Trust has 0.13% invested in Gartner Inc (NYSE:IT). Cadence Limited Liability Corporation invested in 0.1% or 33,512 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $266,475 activity. Kenny Peter C sold $47,561 worth of stock or 1,034 shares.



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