Goldman Sachs Group Inc. upgraded shares of Targa Resources Corp (NYSE:TRGP) from a neutral rating to a buy rating in a research note released on Monday. The brokerage currently has $52.00 target price on the stock, up from their prior target price of $41.00.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Targa Resources Corp from a buy rating to a hold rating in a report on Wednesday, May 25th. Evercore ISI started coverage on Targa Resources Corp in a report on Thursday, September 15th. They set a hold rating and a $45.00 target price on the stock. Stifel Nicolaus upgraded Targa Resources Corp from a hold rating to a buy rating and raised their target price for the company from $38.51 to $43.00 in a report on Thursday, August 4th. They noted that the move was a valuation call. Jefferies Group downgraded Targa Resources Corp from a buy rating to a hold rating and raised their target price for the company from $34.00 to $45.00 in a report on Wednesday, June 8th. Finally, JPMorgan Chase & Co. reiterated a hold rating on shares of Targa Resources Corp in a report on Thursday, June 16th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $46.68.

Targa Resources Corp (NYSE:TRGP) opened at 49.34 on Monday. The firm’s market capitalization is $8.22 billion. The company has a 50-day moving average price of $44.18 and a 200-day moving average price of $39.34. Targa Resources Corp has a one year low of $14.55 and a one year high of $66.87.

Targa Resources Corp (NYSE:TRGP) last released its earnings results on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.07. On average, equities research analysts anticipate that Targa Resources Corp will post ($0.36) EPS for the current year.

In related news, insider Jeffrey J. Mcparland sold 25,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $45.50, for a total transaction of $1,142,050.00. Following the completion of the transaction, the insider now owns 145,983 shares in the company, valued at approximately $6,642,226.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider D. Scott Pryor sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $37.66, for a total value of $282,450.00. Following the transaction, the insider now owns 60,553 shares of the company’s stock, valued at approximately $2,280,425.98. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bollard Group LLC increased its stake in shares of Targa Resources Corp by 1.3% in the second quarter. Bollard Group LLC now owns 2,418 shares of the company’s stock valued at $102,000 after buying an additional 31 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Targa Resources Corp by 73.4% in the second quarter. Glenmede Trust Co. NA now owns 4,217 shares of the company’s stock valued at $176,000 after buying an additional 1,785 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Targa Resources Corp by 703.4% in the second quarter. Proficio Capital Partners LLC now owns 5,158 shares of the company’s stock valued at $192,000 after buying an additional 4,516 shares during the last quarter. Advisor Group Inc. acquired a new stake in shares of Targa Resources Corp during the second quarter valued at $199,000. Finally, E&G Advisors LP acquired a new stake in shares of Targa Resources Corp during the second quarter valued at $208,000.

Targa Resources Corp Company Profile

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. 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.

5 Day Chart for NYSE:TRGP

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