Targa Resources Corp Gets a Hold Rating from BMO Capital

By Ryan Adsit

BMO Capital analyst Danilo Juvane reiterated a Hold rating on Targa Resources Corp (NYSE: TRGP) yesterday and set a price target of $51. The company’s shares closed yesterday at $47.46.

According to TipRanks.com, Juvane is a 3-star analyst with an average return of 6.2% and a 67.9% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and Spectra Energy Partners.

Currently, the analyst consensus on Targa Resources Corp is Strong Buy and the average price target is $52.86, representing an 11.4% upside.

In a report issued on October 10, Citigroup also downgraded the stock to Hold.

The company has a one-year high of $61.83 and a one-year low of $40.25. Currently, Targa Resources Corp has an average volume of 1.43M.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following segments: Gathering & Processing, and Logistics & Marketing.