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Targa Resources (NYSE:TRGP) Receives Buy Rating From RBC Capital Markets Analysts

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13 May, 2017

Media stories about Targa Resources Corp (NYSE:TRGP) have been trending somewhat negative recently, according to AlphaOne Sentiment. The rating was upgraded by Canaccord Genuity to "Hold" on Thursday, August 6. The company's 50 day moving average price is $56.97 and its 200 day moving average price is $55.16. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/05/10/guggenheim-begins-coverage-on-targa-resources-corp-trgp-updated-updated.html. (TRGP) to Neutral by settling a price target of $54 on 4/18/17. The rating was maintained by Stifel Nicolaus on Friday, July 22 with "Buy". The stock of Targa Resources Corp (NYSE:TRGP) has "Hold" rating given on Thursday, September 29 by Stifel Nicolaus.

05/05/2017 - Targa Resources, Inc. was upgraded to "strong buy" by analysts at Raymond James. The stock has been active on the tape, now trading at $50.37, up from yesterday's close by 0.00%. Bollard Group LLC now owns 2,449 shares of the pipeline company's stock valued at $120,000 after buying an additional 31 shares during the last quarter. Targa Res Corp now has $10.13 billion valuation. The stock increased 1.48% or $1.27 on May 5, reaching $87. Vina Concha y Toro SA (ADR) (NYSE:VCO) has declined 9.10% since September 30, 2016 and is downtrending. It has outperformed by 27.60% the S&P500.

The stock increased 0.06% or $0.03 on May 5, reaching $50.37. About shares traded. Navigator Holdings Ltd (NYSE:NVGS) has risen 38.50% since October 3, 2016 and is uptrending. It has underperformed by 9.57% the S&P500. Its the same as in 2016Q3.

It looks like Targa Resources Corp. 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported. 358,044 were reported by Mitsubishi Ufj And Banking Corporation.

Guggenheim assumed coverage on shares of Targa Resources Corp (NYSE:TRGP) in a research report released on Monday, April 17th. (NYSE:TRGP) based on the information in this report. Public Employees Retirement Association Of Colorado holds 0.02% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 34,805 shares. Stoneridge Inv Prtn Limited Company owns 0.54% invested in Stericycle Inc (NASDAQ:SRCL) for 51,624 shares. Last session Targa Resources Corp. Perhaps, that suggests something about why 1.34% of the outstanding share supply is held by institutional investors.

With these kinds of figures it is worthy to note that Targa Resources Corp. Moreover, Tower Lc (Trc) has 0.02% invested in Stericycle Inc (NASDAQ:SRCL) for 2,220 shares. Bank of New York Mellon Corp raised its position in Targa Resources Corp by 47.4% in the first quarter. Tigress Financial assumed coverage on CVS Health Corp in a research report on Thursday. 5,133 are held by Bb&T Corp.

Since November 15, 2016, it had 0 buys, and 16 selling transactions for $12.54 million activity. The insider now directly owns 407,971 shares worth $20,096,651. The share price is now down -14.64% for the past three months. Fernwood Investment Management LLC bought a new stake in shares of Targa Resources Corp during the first quarter worth $212,000.

Targa Resources Corp.is a midstream energy firm in North America. The firm's market cap is $9.76 billion. It now has negative earnings. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). Therefore 40% are positive. As per Monday, August 22, the company rating was maintained by Stifel Nicolaus.

The stock grew about 19.47% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well. (TRGP) in the open market. Jennison Associates LLC now owns 2,278,490 shares of the pipeline company's stock valued at $111,897,000 after buying an additional 581,292 shares during the last quarter. The rating was maintained by Deutsche Bank with "Hold" on Friday, October 23. The firm earned "Underperform" rating on Monday, December 21 by Credit Suisse. The rating was downgraded by Nomura on Tuesday, January 12 to "Neutral". Shell Midstream Partners Lp was raised too. The difference between Actual EPS and Estimated EPS was -0.78 Percent. The number of shares now owned by investors are 220.45 mln. Daiwa Gp Inc reported 0% stake. It also upped Archrock Partners LP stake by 50,894 shares and now owns 1.03 million shares.


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