NYSE:TRGP - Targa Resources Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $41.94
Forecasted Upside: -5.08 %
Number of Analysts: 18
Breakdown:
0 Sell Ratings
2 Hold Ratings
15 Buy Ratings
1 Strong Buy Ratings

^$44.18 As of 06/18/2021 01:00 AM ET

▼ -1.18 (-2.60%)

1 month | 3 months | 12 months

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Analyst Price Target for TRGP

^$41.94

▼ -5.08% Downside Potential

This price target is based on 18 analysts offering 12 month price targets for Targa Resources in the last 3 months. The average price target is $41.94, with a high forecast of $57.00 and a low forecast of $19.00. The average price target represents a -5.08% upside from the last price of $44.18.

Buy

The current consensus among 18 polled investment analysts is to buy stock in Targa Resources. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

1 strong buy ratings
11 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

12/26/2019

1 strong buy ratings
12 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

3/25/2020

1 strong buy ratings
14 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

6/23/2020

1 strong buy ratings
14 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

9/21/2020

1 strong buy ratings
16 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

12/20/2020

1 strong buy ratings
17 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

3/20/2021

1 strong buy ratings
16 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

5/19/2021

1 strong buy ratings
15 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

6/18/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
6/18/2021	Morgan Stanley	Boost Price Target	Overweight	$52.00 ➝ $57.00	High
6/14/2021	Raymond James	Boost Price Target	Strong-Buy	$45.00 ➝ $55.00	Low
6/4/2021	Raymond James	Reiterated Rating	Buy		High
6/3/2021	Barclays	Boost Price Target	Overweight	$43.00 ➝ $54.00	Medium
5/26/2021	Morgan Stanley	Boost Price Target	Overweight	$44.00 ➝ $52.00	Medium
5/14/2021	Credit Suisse Group	Boost Price Target	Outperform	$40.00 ➝ $43.00	Low
5/14/2021	Royal Bank of Canada	Boost Price Target	Positive ➝ Outperform	$39.00 ➝ $50.00	Medium
5/13/2021	Wells Fargo & Company	Boost Price Target	Overweight	$41.00 ➝ $42.00	Low
5/12/2021	Mizuho	Boost Price Target	Neutral	$36.00 ➝ $42.00	Low
5/7/2021	Citigroup	Boost Price Target		$37.00 ➝ $45.00	Low
4/15/2021	Raymond James	Boost Price Target	Strong-Buy	$37.00 ➝ $42.00	Low
4/14/2021	Wolfe Research	Upgrade	Peer Perform ➝ Outperform	$37.00	High
3/22/2021	Morgan Stanley	Boost Price Target	Overweight	$40.00 ➝ $44.00	Low
3/18/2021	The Goldman Sachs Group	Initiated Coverage	Buy	$49.00	High
3/4/2021	Credit Suisse Group	Boost Price Target	Outperform	$34.00 ➝ $40.00	Medium
3/2/2021	Mizuho	Boost Price Target	Neutral	$33.00 ➝ $36.00	Low
2/24/2021	Wells Fargo & Company	Boost Price Target	Overweight	$29.00 ➝ $34.00	Medium
2/8/2021	Seaport Global Securities	Upgrade	Neutral ➝ Buy	$35.00	High
1/22/2021	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$34.00	Low
1/20/2021	Mizuho	Boost Price Target	Neutral	$24.00 ➝ $33.00	Medium
1/15/2021	Morgan Stanley	Boost Price Target	Overweight	$38.00 ➝ $40.00	Low
1/13/2021	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Boost Price Target		$22.00 ➝ $36.00	Low
1/13/2021	Smith Barney Citigroup	Boost Price Target		$22.00 ➝ $36.00	Low
1/12/2021	Raymond James	Boost Price Target	Strong-Buy	$26.00 ➝ $36.00	High
12/21/2020	JPMorgan Chase & Co.	Boost Price Target	Overweight	$33.00 ➝ $37.00	Medium
12/11/2020	Morgan Stanley	Boost Price Target	Overweight	$22.00 ➝ $36.00	Medium
12/8/2020	Barclays	Boost Price Target	Overweight	$25.00 ➝ $32.00	Medium
12/7/2020	Royal Bank of Canada	Boost Price Target	Outperform	$26.00 ➝ $34.00	High
12/3/2020	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Initiated Coverage	Outperform	$30.00	Low
12/3/2020	Smith Barney Citigroup	Initiated Coverage	Outperform	$30.00	Medium
11/30/2020	Wells Fargo & Company	Upgrade	Equal Weight ➝ Overweight	$23.00 ➝ $29.00	High
11/16/2020	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$25.00	High
11/6/2020	Smith Barney Citigroup	Upgrade	Neutral ➝ Buy	$19.00 ➝ $22.00	Low
11/6/2020	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Upgrade	Neutral ➝ Buy	$19.00 ➝ $22.00	High
10/19/2020	Morgan Stanley	Boost Price Target	Overweight	$18.00 ➝ $22.00	High
10/9/2020	Piper Sandler	Boost Price Target	Neutral	$18.00 ➝ $19.00	Low
10/2/2020	Raymond James	Upgrade	Outperform ➝ Strong-Buy	$25.00 ➝ $26.00	High
9/25/2020	Morgan Stanley	Upgrade	Underweight ➝ Overweight	$18.00	Low
8/21/2020	Capital One Financial	Upgrade	Equal Weight ➝ Overweight		Low
8/21/2020	Morgan Stanley	Boost Price Target	Underweight	$14.00 ➝ $18.00	Low
8/19/2020	Bank of America	Initiated Coverage	Buy		Low
8/14/2020	US Capital Advisors	Upgrade	Hold ➝ Buy		Medium
8/14/2020	Wolfe Research	Upgrade	Underperform ➝ Peer Perform	$20.00	Medium
8/12/2020	Mizuho	Boost Price Target	Neutral	$21.00 ➝ $24.00	Low
8/7/2020	Raymond James	Boost Price Target	Outperform	$23.00 ➝ $25.00	High
7/27/2020	Seaport Global Securities	Downgrade	Buy ➝ Neutral		High
7/22/2020	Wells Fargo & Company	Boost Price Target	Equal Weight	$16.00 ➝ $18.00	Low
7/21/2020	Raymond James	Boost Price Target	Outperform	$21.00 ➝ $23.00	High
6/4/2020	Barclays	Upgrade	Equal Weight ➝ Overweight	$12.00 ➝ $26.00	High
6/3/2020	JPMorgan Chase & Co.	Boost Price Target	Overweight	$19.00 ➝ $24.00	High
6/1/2020	Morgan Stanley	Boost Price Target	Underweight	$8.00 ➝ $14.00	Medium
5/28/2020	UBS Group	Boost Price Target	Buy	$19.00 ➝ $24.00	Low
5/19/2020	Citigroup	Lower Price Target	Neutral	$35.00 ➝ $19.00	High
5/19/2020	Mizuho	Lower Price Target	Neutral	$40.00 ➝ $21.00	High
5/13/2020	SunTrust Banks	Boost Price Target	Outperform ➝ Buy	$15.00 ➝ $20.00	Low
5/11/2020	Royal Bank of Canada	Lower Price Target	Outperform	$23.00 ➝ $22.00	High
4/21/2020	US Capital Advisors	Downgrade	Overweight ➝ Hold		High
4/14/2020	Wells Fargo & Company	Lower Price Target	Equal Weight	$16.00 ➝ $13.00	High
4/7/2020	UBS Group	Lower Price Target	Buy	$20.00 ➝ $19.00	High
4/1/2020	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$21.00 ➝ $13.00	Low
3/30/2020	UBS Group	Boost Price Target	Buy	$19.00 ➝ $21.00	High
3/24/2020	Barclays	Downgrade	Overweight ➝ Equal Weight	$12.00	High
3/23/2020	Morgan Stanley	Boost Price Target	Underweight	$6.00 ➝ $8.00	High
3/19/2020	SunTrust Banks	Lower Price Target		$46.00 ➝ $15.00	Medium
3/19/2020	Credit Suisse Group	Lower Price Target	Outperform	$27.00 ➝ $21.00	High
3/16/2020	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight		High
3/13/2020	Stifel Nicolaus	Lower Price Target	Hold	$41.00 ➝ $27.00	High
3/12/2020	Raymond James	Downgrade	Strong-Buy ➝ Outperform		High
3/9/2020	Robert W. Baird	Downgrade	Outperform ➝ Neutral	$42.00 ➝ $28.00	High
2/28/2020	Mizuho	Lower Price Target	Neutral	$42.00 ➝ $40.00	High
2/21/2020	Royal Bank of Canada	Boost Price Target	Outperform	$48.00 ➝ $49.00	Medium
2/14/2020	Seaport Global Securities	Reiterated Rating	Buy		High
1/8/2020	Wolfe Research	Downgrade	Peer Perform ➝ Underperform	$39.00 ➝ $36.00	High
1/7/2020	Wells Fargo & Company	Reiterated Rating	Hold		Low
1/6/2020	Morgan Stanley	Initiated Coverage	Equal Weight	$39.00	High
12/2/2019	Robert W. Baird	Lower Price Target	Outperform	$49.00 ➝ $43.00	Low
11/21/2019	Capital One Financial	Downgrade	Overweight ➝ Equal Weight	$42.00	Low
11/11/2019	Wells Fargo & Company	Reiterated Rating	Hold		Low
11/4/2019	Piper Jaffray Companies	Initiated Coverage	Neutral	$43.00	Medium
10/15/2019	Barclays	Set Price Target	Buy	$49.00	N/A
10/11/2019	Stifel Nicolaus	Downgrade	Buy ➝ Hold	$41.00	Medium
10/8/2019	Robert W. Baird	Lower Price Target	Outperform ➝ Outperform	$67.00 ➝ $49.00	Medium
10/7/2019	Wells Fargo & Company	Downgrade	Outperform ➝ Market Perform	$45.00 ➝ $43.00	High
9/10/2019	Bank of America	Set Price Target	Buy	$48.00 ➝ $44.00	High
8/28/2019	Raymond James	Upgrade	Outperform ➝ Strong-Buy	$48.00	High
8/16/2019	UBS Group	Set Price Target	Buy	$54.00	Low
8/15/2019	Credit Suisse Group	Lower Price Target	Outperform	$49.00 ➝ $44.00	Low
8/11/2019	Evercore ISI	Reiterated Rating	Neutral ➝ Hold		Low
8/9/2019	SunTrust Banks	Set Price Target	Buy	$45.00	Low
8/9/2019	Royal Bank of Canada	Lower Price Target	Outperform	$51.00	Low
7/18/2019	Barclays	Reiterated Rating	Buy	$48.00	Medium
7/12/2019	Mizuho	Set Price Target	Hold	$45.00	Low
6/3/2019	SunTrust Banks	Upgrade	Hold ➝ Buy	$48.00	High
4/24/2019	Evercore ISI	Reiterated Rating	In-line ➝ In-Line		Low
4/18/2019	Mizuho	Lower Price Target	Neutral	$53.00 ➝ $47.00	Low
4/16/2019	Raymond James	Downgrade	Strong-Buy ➝ Outperform		Low
4/8/2019	Mitsubishi UFJ Financial Group	Initiated Coverage	Neutral	$50.00	Low
4/5/2019	Credit Suisse Group	Set Price Target	Buy	$50.00	Low
3/13/2019	Credit Suisse Group	Lower Price Target	Outperform	$60.00 ➝ $52.00	Low
3/8/2019	Wells Fargo & Company	Reiterated Rating	Buy		Medium
2/21/2019	Wells Fargo & Company	Reiterated Rating	Buy		Low
2/21/2019	BMO Capital Markets	Lower Price Target		$50.00	Low
2/5/2019	Evercore ISI	Initiated Coverage		$46.00	Low
1/29/2019	Seaport Global Securities	Upgrade	Neutral ➝ Buy	$48.00	Low
1/16/2019	Barclays	Set Price Target	Buy	$55.00	Low
1/9/2019	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$60.00	Medium
1/8/2019	UBS Group	Lower Price Target	Buy ➝ Buy	$65.00 ➝ $64.00	Low
1/8/2019	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$59.00 ➝ $54.00	High
12/20/2018	Jefferies Financial Group	Upgrade	Hold ➝ Buy		High
12/12/2018	Wells Fargo & Company	Reiterated Rating	Buy		Medium
12/2/2018	Citigroup	Lower Price Target		$56.00	High
11/29/2018	Citigroup	Downgrade	Buy ➝ Neutral	$56.00 ➝ $45.00	Low
11/28/2018	Mizuho	Initiated Coverage	Neutral	$56.00	Low
11/19/2018	US Capital Advisors	Upgrade	Hold ➝ Overweight		Medium
10/25/2018	Bank of America	Upgrade	Neutral ➝ Buy	$47.00	High
10/17/2018	Raymond James	Boost Price Target	Strong-Buy ➝ Strong-Buy	$58.00 ➝ $64.00	Low
10/11/2018	Stifel Nicolaus	Boost Price Target	Buy	$57.00 ➝ $66.00	Low
10/11/2018	Credit Suisse Group	Initiated Coverage	Neutral	$60.00	Medium
10/3/2018	Barclays	Upgrade	Equal Weight ➝ Overweight	$54.00 ➝ $65.00	High
9/18/2018	Wells Fargo & Company	Upgrade	Market Perform ➝ Outperform	$55.00 ➝ $63.00	Medium
8/29/2018	Barclays	Boost Price Target	Equal Weight ➝ Hold	$52.00 ➝ $54.00	Low
8/17/2018	SunTrust Banks	Set Price Target	Hold	$56.00	Low
8/17/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$51.00 ➝ $55.00	Low
8/15/2018	Robert W. Baird	Set Price Target	Buy	$62.00	Low
8/13/2018	Raymond James	Reiterated Rating	Buy		Low
8/10/2018	Royal Bank of Canada	Boost Price Target	Outperform ➝ Outperform	$60.00 ➝ $62.00	Low
8/10/2018	UBS Group	Boost Price Target	Buy ➝ Buy	$60.00 ➝ $61.00	Low
8/10/2018	Stifel Nicolaus	Reiterated Rating	Buy	$53.00 ➝ $57.00	Medium
7/31/2018	Citigroup	Boost Price Target	Buy ➝ Buy	$55.00 ➝ $56.00	Low
7/27/2018	Seaport Global Securities	Downgrade	Buy ➝ Neutral	$53.00 ➝ $55.00	High
7/18/2018	Jefferies Financial Group	Reiterated Rating	$51.76	$55.00	Low
7/17/2018	US Capital Advisors	Reiterated Rating	Hold		Medium
7/16/2018	Wolfe Research	Initiated Coverage	Peer Perform		Low
7/13/2018	BMO Capital Markets	Reiterated Rating	Hold	$54.00	Low
7/12/2018	SunTrust Banks	Initiated Coverage	Hold	$53.00	Medium
6/12/2018	Barclays	Downgrade	Overweight ➝ Equal Weight	$57.00 ➝ $52.00	High
5/4/2018	Stifel Nicolaus	Set Price Target	Buy ➝ Buy	$55.00 ➝ $53.00	Low
4/24/2018	Seaport Global Securities	Set Price Target	Buy	$53.00	Low
4/23/2018	Robert W. Baird	Reiterated Rating	Buy	$58.00	High
4/19/2018	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Hold	$50.00	Low
4/17/2018	Barclays	Lower Price Target	Overweight ➝ Overweight	$58.00 ➝ $57.00	Low
4/16/2018	Guggenheim	Set Price Target	Buy	$50.00	Low
3/15/2018	Robert W. Baird	Reiterated Rating	Neutral		High
3/14/2018	Robert W. Baird	Set Price Target	Neutral ➝ Buy	$58.00 ➝ $60.00	Medium
3/2/2018	UBS Group	Reiterated Rating	Neutral ➝ Neutral	$56.00 ➝ $58.00	Low
2/16/2018	Stifel Nicolaus	Reiterated Rating	Buy	$55.00	Low
2/14/2018	Seaport Global Securities	Set Price Target	Buy	$52.00	Low
2/6/2018	Citigroup	Boost Price Target	Buy ➝ Buy	$52.00 ➝ $55.00	Medium
2/1/2018	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$68.00	Medium
1/17/2018	Barclays	Upgrade	Equal Weight ➝ Overweight	$50.00 ➝ $58.00	Medium
1/16/2018	Royal Bank of Canada	Reiterated Rating	Buy	$60.00	Medium
1/9/2018	Bank of America	Initiated Coverage	Neutral		Low
1/4/2018	Credit Suisse Group	Initiated Coverage	Neutral ➝ Neutral	$46.00	High
11/20/2017	Stifel Nicolaus	Lower Price Target	Buy ➝ Buy	$53.00 ➝ $51.00	N/A
11/7/2017	Wells Fargo & Company	Downgrade	Outperform ➝ Market Perform	$49.00	N/A
11/3/2017	Robert W. Baird	Reiterated Rating	Buy	$53.00	N/A
11/2/2017	Citigroup	Upgrade	Neutral ➝ Buy	$52.00	N/A
10/19/2017	Barclays	Reiterated Rating	Hold	$50.00	N/A
10/17/2017	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$53.00	N/A
10/16/2017	Jefferies Financial Group	Downgrade	Buy ➝ Hold		N/A
10/13/2017	Wells Fargo & Company	Lower Price Target	Outperform	$54.00 ➝ $53.00	N/A
10/13/2017	BMO Capital Markets	Set Price Target	Hold	$51.00	N/A
10/10/2017	Citigroup	Downgrade	Buy ➝ Neutral	$54.00 ➝ $52.00	N/A
9/17/2017	Robert W. Baird	Reiterated Rating	Buy	$53.00	Low
9/1/2017	Jefferies Financial Group	Reiterated Rating	Buy	$50.00 ➝ $49.00	Low
8/23/2017	Stifel Nicolaus	Set Price Target	Buy	$53.00	Low
8/21/2017	Royal Bank of Canada	Reiterated Rating	Buy	$60.00	Low
8/15/2017	BMO Capital Markets	Set Price Target	Hold	$51.00	Medium
8/14/2017	Guggenheim	Upgrade	Neutral ➝ Buy	$50.00	Medium
7/18/2017	Barclays	Downgrade	Overweight ➝ Equal Weight	$55.00 ➝ $47.00	Low
7/17/2017	Stifel Nicolaus	Reiterated Rating	Buy	$63.00 ➝ $54.00	Low
7/17/2017	Wells Fargo & Company	Upgrade	Market Perform ➝ Outperform		Low
7/14/2017	Royal Bank of Canada	Lower Price Target	Outperform ➝ Outperform	$67.00 ➝ $60.00	Medium
7/13/2017	Deutsche Bank Aktiengesellschaft	Downgrade	Buy ➝ Hold	$69.00 ➝ $47.00	Low
7/12/2017	BMO Capital Markets	Reiterated Rating	Hold	$51.00	Medium
7/12/2017	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$54.00 ➝ $50.00	High
6/30/2017	Robert W. Baird	Lower Price Target	Outperform	$54.00 ➝ $52.00	Low
6/28/2017	Citigroup	Lower Price Target	Buy	$64.00 ➝ $54.00	Low
6/26/2017	Stifel Nicolaus	Set Price Target	Buy	$63.00	N/A
6/22/2017	UBS Group	Reiterated Rating	Buy	$62.00 ➝ $59.00	N/A
6/13/2017	Robert W. Baird	Reiterated Rating	Outperform	$60.00 ➝ $54.00	High
6/5/2017	JPMorgan Chase & Co.	Reiterated Rating	Neutral	$65.00 ➝ $53.00	Low
5/30/2017	UBS Group	Reiterated Rating	Buy	$68.00 ➝ $65.00	N/A
5/28/2017	Credit Suisse Group	Set Price Target	Hold	$54.00	High
5/15/2017	Jefferies Financial Group	Reiterated Rating	Hold		Low
5/15/2017	Credit Suisse Group	Lower Price Target	Neutral	$66.00 ➝ $56.00	Low
5/8/2017	Royal Bank of Canada	Reiterated Rating	Buy	$67.00	Low
5/5/2017	Credit Suisse Group	Set Price Target	Neutral	$66.00 ➝ $56.00	Low
5/5/2017	Raymond James	Upgrade	Outperform ➝ Strong-Buy	$64.00 ➝ $55.00	High
5/5/2017	Jefferies Financial Group	Reiterated Rating	Hold		High
5/2/2017	Seaport Global Securities	Upgrade	Neutral ➝ Buy	$63.00	Low
4/21/2017	Macquarie	Initiated Coverage	Outperform	$65.00	Medium
4/17/2017	Guggenheim	Initiated Coverage	Neutral	$54.00	Low
4/17/2017	BMO Capital Markets	Reiterated Rating	Hold	$49.00	Low
4/4/2017	Jefferies Financial Group	Reiterated Rating	Hold	$54.00	Low
3/29/2017	Deutsche Bank Aktiengesellschaft	Reiterated Rating	Buy	$69.00	Medium
3/13/2017	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$64.00 ➝ $65.00	Low
3/6/2017	Evercore ISI	Upgrade	In-Line ➝ Outperform	$64.00	N/A
2/16/2017	Stifel Nicolaus	Boost Price Target	Hold	$52.00 ➝ $64.00	N/A
2/14/2017	Seaport Global Securities	Reiterated Rating	Neutral		N/A
2/1/2017	Robert W. Baird	Reiterated Rating	Outperform	$55.00 ➝ $65.00	N/A
1/24/2017	Credit Suisse Group	Boost Price Target	Neutral	$57.00 ➝ $65.00	N/A
1/12/2017	Raymond James	Upgrade	Market Perform ➝ Outperform	$62.00	N/A
12/4/2016	Credit Suisse Group	Reiterated Rating	Neutral	$51.00 ➝ $57.00	N/A
12/1/2016	UBS Group	Reiterated Rating	Buy	$53.00 ➝ $58.00	N/A
12/1/2016	Stifel Nicolaus	Downgrade	Buy ➝ Hold	$50.00 ➝ $52.00	N/A
11/3/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$46.00 ➝ $52.00	N/A
11/3/2016	Royal Bank of Canada	Boost Price Target	Outperform	$46.00 ➝ $52.00	N/A
11/3/2016	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$48.00 ➝ $50.00	N/A
9/28/2016	Stifel Nicolaus	Downgrade	Buy ➝ Hold	$48.00	N/A
9/27/2016	Barclays	Upgrade	Equal Weight ➝ Overweight	$47.00 ➝ $55.00	N/A
9/19/2016	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$41.00 ➝ $52.00	N/A
9/15/2016	Evercore ISI	Initiated Coverage	Hold	$45.00	N/A
8/31/2016	UBS Group	Reiterated Rating	Buy		N/A
8/31/2016	Wunderlich	Boost Price Target	Hold	$44.00 ➝ $45.00	N/A
8/22/2016	Stifel Nicolaus	Boost Price Target	Buy	$43.00 ➝ $48.00	N/A
8/4/2016	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$38.51 ➝ $43.00	N/A

(Data available from 6/18/2016 forward)

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, purchasing, storing, terminaling, and selling crude oil. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,700 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Today's Range

Now: $44.18

$44.03

$45.36

50 Day Range

MA: $38.57

$31.28

$48.96

52 Week Range

Now: $44.18

$13.08

$49.20

Volume

3,451,430 shs

Average Volume

2,320,484 shs

Market Capitalization

$10.10 billion

P/E Ratio

51.37

Dividend Yield

0.88%

Beta

3.04

Frequently Asked Questions

What sell-side analysts currently cover shares of Targa Resources?

The following sell-side analysts have issued stock ratings on Targa Resources in the last twelve months: Bank of America Co., Barclays PLC, Capital One Financial Co., Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Credit Suisse Group AG, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Raymond James, Royal Bank of Canada, Seaport Global Securities, Smith Barney Citigroup, Stifel Nicolaus, The Goldman Sachs Group, Inc., TheStreet, US Capital Advisors, Wells Fargo & Company, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for TRGP.

What is the current price target for Targa Resources?

16 Wall Street analysts have set twelve-month price targets for Targa Resources in the last year. Their average twelve-month price target is $41.94, suggesting a possible downside of 5.1%. Morgan Stanley has the highest price target set, predicting TRGP will reach $57.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $19.00 for Targa Resources in the next year.
View the latest price targets for TRGP.

What is the current consensus analyst rating for Targa Resources?

Targa Resources currently has 2 hold ratings, 15 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TRGP will outperform the market and that investors should add to their positions of Targa Resources.
View the latest ratings for TRGP.

What other companies compete with Targa Resources?

Other companies that are similar to Targa Resources include Kinder Morgan, The Williams Companies, Cheniere Energy, Frontline, Golden Ocean Group, Golar LNG, Scorpio Tankers, SFL, GasLog, Nordic American Tankers, Teekay Tankers and Teekay.

How do I contact Targa Resources' investor relations team?

Targa Resources' physical mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The pipeline company's listed phone number is 713-584-1000 and its investor relations email address is [email protected] The official website for Targa Resources is www.targaresources.com.