Targa Resources Stock Analysis, Valuation (NYSE:TRGP)

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$54.22 $0.3 (0.56%) TRGP stock closing price Aug 20, 2018 (Closing)

View the Targa Resources stock analysis video on Amigobulls. Our analyst opinion covering the buy and sell arguments for TRGP stock is shown in the video.

Note: Amigobulls stock rating is our opinion based on the historical performance of the company's fundamentals. It is not indicative of the future performance of the stock.

Targa Resources Corp Stock Rating 2.9/5

Amigobulls TRGP stock analysis uses latest quarter 2018 Q2 financial data like Targa Resources revenue growth, profit margins and cash flows. We compare Targa Resources valuation with its sector peers to gauge relative attractiveness of TRGP stock. Targa Resources stock rating is our opinion about the business fundamentals of the company.

Should you buy TRGP stock?

  • TRGP stock is trading at a favorable price to sales multiple of 1.2 as against the Oils-Energy sector average multiple of 1.6.
  • Targa Resources's dividend yield of 6.88 is attractive.

Should you sell TRGP stock?

  • TRGP stock is trading at a PE ratio of 529.2, which is worse than the sector average multiple of 20.4.

Comments on this video and Targa Resources stock

Investors can use Amigobulls Targa Resources stock analysis as a tool to arrive at accurate conclusions regarding financial health of the company and its valuation. Fundamentals of a company give detailed information which helps in making invesment decisions.

While doing a study of the company financials, Targa Resources revenue growth and profit or net income are two main metrics which help in identifying whether TRGP stock is overvalued or undervalued. Along with fundamentals, investors can utilize technical analysis to get a better idea about the price trend of Targa Resources stock.