Breaking: RBC Capital Maintains $60.0 Price Objective On Targa Resources Corp (NYSE:TRGP) Shares, Maintains Their Original “Buy” Rating

January 20, 2018 - By Darrin Black

 Breaking: RBC Capital Maintains $60.0 Price Objective On Targa Resources Corp (NYSE:TRGP) Shares, Maintains Their Original

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.32, from 1.56 in 2017Q2. It worsened, as 33 investors sold Targa Resources Corp. shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported.

Livforsakringsbolaget Skandia Omsesidigt invested 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Fjarde Ap reported 73,857 shares. The Washington-based Freestone Capital Holding Ltd has invested 0.09% in Targa Resources Corp. (NYSE:TRGP). 13,882 are held by Nordea Investment Management Ab. Strs Ohio invested in 0% or 17,467 shares. Brinker owns 7,202 shares. Homrich & Berg invested 0.14% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Moreover, Tiaa Cref Invest Mngmt Lc has 0.06% invested in Targa Resources Corp. (NYSE:TRGP). Parallax Volatility Advisers L P owns 56 shares. Moreover, Cornerstone Advsr has 0% invested in Targa Resources Corp. (NYSE:TRGP) for 85 shares. First Mercantile Trust Communications invested in 25,213 shares. Zimmer Prtn L P reported 5.93 million shares. Balyasny Asset Mgmt Lc holds 0% or 19,604 shares in its portfolio. Van Eck Corporation reported 0% in Targa Resources Corp. (NYSE:TRGP). Blackhill Cap Incorporated owns 3,100 shares or 0.03% of their US portfolio.

Since August 10, 2017, it had 0 insider purchases, and 1 sale for $93,874 activity.

Targa Resources Corp (NYSE:TRGP) Rating Reaffirmed

In a research note issued this morning, RBC Capital kept their “Buy” rating on Targa Resources Corp (NYSE:TRGP) shares. The TP means a possible upside of 18.27 % from company’s last price.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.32, from 1.56 in 2017Q2. It worsened, as 33 investors sold Targa Resources Corp. shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported.

Livforsakringsbolaget Skandia Omsesidigt invested 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Fjarde Ap reported 73,857 shares. The Washington-based Freestone Capital Holding Ltd has invested 0.09% in Targa Resources Corp. (NYSE:TRGP). 13,882 are held by Nordea Investment Management Ab. Strs Ohio invested in 0% or 17,467 shares. Brinker owns 7,202 shares. Homrich & Berg invested 0.14% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Moreover, Tiaa Cref Invest Mngmt Lc has 0.06% invested in Targa Resources Corp. (NYSE:TRGP). Parallax Volatility Advisers L P owns 56 shares. Moreover, Cornerstone Advsr has 0% invested in Targa Resources Corp. (NYSE:TRGP) for 85 shares. First Mercantile Trust Communications invested in 25,213 shares. Zimmer Prtn L P reported 5.93 million shares. Balyasny Asset Mgmt Lc holds 0% or 19,604 shares in its portfolio. Van Eck Corporation reported 0% in Targa Resources Corp. (NYSE:TRGP). Blackhill Cap Incorporated owns 3,100 shares or 0.03% of their US portfolio.

Since August 10, 2017, it had 0 insider purchases, and 1 sale for $93,874 activity.

Targa Resources Corp. (NYSE:TRGP) Ratings Coverage

Among 19 analysts covering Targa Resources (NYSE:TRGP), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Targa Resources has $110 highest and $24 lowest target. $53.91’s average target is 6.27% above currents $50.73 stock price. Targa Resources had 78 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Tuesday, October 10. The firm has “Hold” rating by Wunderlich given on Wednesday, August 31. Stifel Nicolaus initiated the stock with “Hold” rating in Tuesday, May 31 report. The firm has “Buy” rating given on Monday, June 26 by Stifel Nicolaus. Deutsche Bank downgraded Targa Resources Corp. (NYSE:TRGP) rating on Thursday, July 13. Deutsche Bank has “Hold” rating and $4700 target. Deutsche Bank maintained the shares of TRGP in report on Thursday, March 30 with “Buy” rating. On Friday, October 13 the stock rating was maintained by Wells Fargo with “Outperform”. The rating was maintained by Wunderlich on Friday, February 26 with “Hold”. Jefferies maintained the shares of TRGP in report on Thursday, August 31 with “Buy” rating. The rating was upgraded by Barclays Capital on Tuesday, September 27 to “Overweight”.

The stock increased 0.08% or $0.04 during the last trading session, reaching $50.73. About 1.50 million shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since January 20, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid services in the United States. The company has market cap of $10.94 billion. The firm operates in two divisions, Gathering and Processing, and Logistics and Marketing. It currently has negative earnings. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products.

More news for Targa Resources Corp. (NYSE:TRGP) were recently published by: Streetinsider.com, which released: “Form 4 Targa Resources Corp. For: Jan 17 Filed by: Middlebrooks Dan C” on January 19, 2018. Nasdaq.com‘s article titled: “Targa Resources Corp. Announces Quarterly Dividends” and published on January 18, 2018 is yet another important article.

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