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After finishing at $204.30 in the prior trading day, Targa Resources Corp (NYSE: TRGP) closed at $194.54, down -4.78%. In other words, the price has decreased by -$4.78 from its previous closing price. On the day, 2.12 million shares were traded. TRGP stock price reached its highest trading level at $204.65 during the session, while it also had its lowest trading level at $193.12.
Ratios:
Our goal is to gain a better understanding of TRGP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 212.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 134.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 5.57 whereas as Long-Term Debt/Eq ratio is at 5.32.
On March 02, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $115.Scotiabank initiated its Sector Outperform rating on March 02, 2023, with a $115 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 02 ’24 when Muraro Robert bought 2,500 shares for $204.30 per share.
Boushka Julie H. sold 10,000 shares of TRGP for $1,905,214 on Nov 15 ’24. The Senior VP and CAO now owns 25,143 shares after completing the transaction at $190.52 per share. On Nov 15 ’24, another insider, Boushka Julie H., who serves as the Officer of the company, bought 2,500 shares for $190.34 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRGP now has a Market Capitalization of 42421977088 and an Enterprise Value of 58515054592. As of this moment, Targa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.05, and their Forward P/E ratio for the next fiscal year is 24.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.63 while its Price-to-Book (P/B) ratio in mrq is 16.50. Its current Enterprise Value per Revenue stands at 3.609 whereas that against EBITDA is 14.55.
Stock Price History:
Over the past 52 weeks, TRGP has reached a high of $209.87, while it has fallen to a 52-week low of $81.03. The 50-Day Moving Average of the stock is 11.64%, while the 200-Day Moving Average is calculated to be 43.04%.
Shares Statistics:
The stock has traded on average 1.76M shares per day over the past 3-months and 1734110 shares per day over the last 10 days, according to various share statistics. A total of 218.33M shares are outstanding, with a floating share count of 214.42M. Insiders hold about 1.67% of the company’s shares, while institutions hold 91.31% stake in the company. Shares short for TRGP as of 1731628800 were 3301142 with a Short Ratio of 1.88, compared to 1728950400 on 3385573. Therefore, it implies a Short% of Shares Outstanding of 3301142 and a Short% of Float of 1.76.
Dividends & Splits
In the trailing 12 months, TRGP’s forward annual dividend rate was 2.75, compared to 2.75 this year. Against a Trailing Annual Dividend Yield of 0.013460597The stock’s 5-year Average Dividend Yield is 4.4.
