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The price of Targa Resources Corp (NYSE: TRGP) closed at $131.62 in the last session, down -3.17% from day before closing price of $135.93. In other words, the price has decreased by -$3.17 from its previous closing price. On the day, 1.55 million shares were traded. TRGP stock price reached its highest trading level at $136.375 during the session, while it also had its lowest trading level at $131.55.
Ratios:
We take a closer look at TRGP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 159.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 86.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 4.86 whereas as Long-Term Debt/Eq ratio is at 4.65.
On March 02, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $115.
On December 09, 2022, Citigroup started tracking the stock assigning a Buy rating and target price of $95.Citigroup initiated its Buy rating on December 09, 2022, with a $95 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 28 ’24 when Muraro Robert sold 9,900 shares for $130.31 per share. The transaction valued at 1,290,062 led to the insider holds 186,951 shares of the business.
Muraro Robert sold 100 shares of TRGP for $13,000 on Jun 26 ’24. The Chief Commercial Officer now owns 196,851 shares after completing the transaction at $130.00 per share. On Jun 10 ’24, another insider, Muraro Robert, who serves as the Chief Commercial Officer of the company, sold 10,000 shares for $120.08 each. As a result, the insider received 1,200,811 and left with 196,951 shares of the company.
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 29182390272 and an Enterprise Value of 44078727168. As of this moment, Targa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.02, and their Forward P/E ratio for the next fiscal year is 18.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 10.81. Its current Enterprise Value per Revenue stands at 2.737 whereas that against EBITDA is 11.661.
Stock Price History:
Over the past 52 weeks, TRGP has reached a high of $138.28, while it has fallen to a 52-week low of $77.97. The 50-Day Moving Average of the stock is 6.03%, while the 200-Day Moving Average is calculated to be 28.78%.
Shares Statistics:
According to the various share statistics, TRGP traded on average about 1.41M shares per day over the past 3-months and 1187100 shares per day over the past 10 days. A total of 222.61M shares are outstanding, with a floating share count of 217.82M. Insiders hold about 1.76% of the company’s shares, while institutions hold 93.52% stake in the company. Shares short for TRGP as of 1719532800 were 3750309 with a Short Ratio of 2.66, compared to 1717113600 on 4132326. Therefore, it implies a Short% of Shares Outstanding of 3750309 and a Short% of Float of 1.96.
Dividends & Splits
The forward annual dividend rate for TRGP is 2.25, which was 2.25 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.016552638The stock’s 5-year Average Dividend Yield is 5.06.
