Targa Resources Corp (TRGP) Coverage Initiated by Analysts at Guggenheim

Marco Green
September 25, 2017

In the market the company is trading up by 0.30%% since yesterday's close of 46.82. Company insiders own 3.00% of the company's stock. It has outperformed by 1.72% the S&P500. The stock witnessed 3.77% gains, 5.6% gains and 14.26% gains for the 1-month, 3-month and 6-month period, respectively. The Energy Income Partners Llc holds 817,302 shares with $36.94M value, down from 856,374 last quarter. Stonepeak GP Investors Manager LLC acquired a new position in Targa Resources Corp during the fourth quarter valued at approximately $428,014,000. Chevron Corp now has $220.71 billion valuation. Sumitomo Mitsui Trust Holdings Inc. now owns 603,748 shares of the pipeline company's stock worth $27,289,000 after purchasing an additional 46,163 shares in the last quarter.

Short traders are more bullish on shares of the company recently if you put credence in the downtick in short interest. It has underperformed by 10.02% the S&P500.

Mai Wealth Advisors decreased Pepsico Inc. About 129,002 shares traded. Tortoise Capital Advsr Ltd owns 6.72M shares. Enbridge Energy Management L (NYSE:EEQ) was raised too.

Analysts expect next quarter's EPS will be $0.05 with next year's EPS anticipated to be $0.03. The firm earned "Hold" rating on Tuesday, May 31 by Stifel Nicolaus. The firm has "Hold" rating by Cantor Fitzgerald given on Thursday, August 4. The stock of Targa Resources Corp (NYSE:TRGP) has "Buy" rating given on Monday, September 19 by Goldman Sachs. Jefferies Group LLC reaffirmed a "buy" rating and set a $49.00 price target (down from $50.00) on shares of Targa Resources in a report on Friday, September 1st. The firm has "Buy" rating by Guggenheim given on Tuesday, August 15. As per Tuesday, June 13, the company rating was maintained by Robert W. Baird.

Investors sentiment decreased to 1.56 in 2017 Q2. KR comes in with a P/S ratio of 0.15 that's below 1, potentially implying that it could be cheap relative to the overall sector (13.63) and its peers (85.01). Sold All: 58 Reduced: 78 Increased: 167 New Position: 45. The funds in our partner's database reported: 182.63 million shares, up from 164.50 million shares in 2017Q1. Riverhead Capital Mgmt Limited invested in 0% or 1,365 shares. Blackrock holds 11.43 million shares.

Shares of Targa Resources, Inc. Center Coast Capital Advisors Lp, a Texas-based fund reported 5.51 million shares.#img1#. Alliancebernstein Lp reported 0% stake. BMO Capital Markets reissued a "hold" rating and issued a $51.00 price objective on shares of Targa Resources in a research report on Wednesday, July 12th. Virginia Retirement Et Al holds 35,288 shares or 0.02% of its portfolio. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Nomura Asset Mngmt Co invested 0.02% in Targa Resources Corp (NYSE:TRGP). Boothbay Fund Mngmt Lc holds 10,976 shares. Bancorporation Of Nova Scotia reported 208,524 shares. Targa Resources Corp. earnings have declined with an annualized rate of -34.7% over the last 5 years.

Since January 1, 0001, it had 0 buys, and 3 sales for $719,772 activity. MELOY MATTHEW J sold $574,706 worth of Targa Resources Corp (NYSE:TRGP) on Wednesday, May 10. McParland Jeffrey J sold $12,000 worth of stock. Stifel Nicolaus set a $63.00 target price on Targa Resources and gave the stock a "buy" rating in a report on Monday, June 26th. Therefore 73% are positive. CSX Corporation had 74 analyst reports since August 13, 2015 according to SRatingsIntel. 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. Raymond James upgraded the shares of CSX in report on Friday, April 21 to "Outperform" rating. As per Friday, February 26, the company rating was maintained by Wunderlich. It was reported on Sep, 21 by Barchart.com. On Tuesday, August 25 the stock rating was upgraded by Zacks to "Sell".

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.10, from 0.73 in 2017Q1. 91 funds opened positions while 238 raised stakes. Schwab Charles Inv Management Inc holds 83,914 shares or 0% of its portfolio. First Finance In reported 629 shares. The Arizona-based Tci Wealth Advisors Incorporated has invested 0% in Targa Resources Corp (NYSE:TRGP). Alphamark Limited reported 0.04% of its portfolio in CSX Corporation (NASDAQ:CSX). Aqr Management invested 0.38% in Wells Fargo & Co (NYSE:WFC). Breton Hill Cap Limited has invested 0.19% in Targa Resources Corp (NYSE:TRGP). Pinebridge Investments Limited Partnership has 8,934 shares for 0.01% of their portfolio. State Of Tennessee Treasury Department holds 0% of its portfolio in Shutterstock Inc (NYSE:SSTK) for 18,175 shares.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 11. After having $0.14 EPS previously, Targa Resources Corp's analysts see -135.71 % EPS growth.

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