The shares of Targa Resources Corp. (NYSE:TRGP) has been pegged with a rating of Outperform by Credit Suisse in its latest research note that was published on January 9th, 2019. Credit Suisse wasn’t the only research firm that published a report of Targa Resources Corp., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on January 8th, 2019, to Overweight the TRGP stock. The stock had earned Buy rating from Jefferies when it published its report on December 20th, 2018. The stock was given Neutral rating by Citigroup in its report released on November 29th, 2018. BofA/Merrill was of a view that TRGP is Buy in its latest report on October 25th, 2018. Credit Suisse thinks that TRGP is worth Neutral rating. This was contained in the firm’s report on October 11th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $58.45. The price of the stock the last time has raised by 25.42% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 52.28.
The shares of the company dipped by -1.75% during the trading session on Friday, reaching a low of $41.85 while ending the day at $42.08. During the trading session, a total of 3.5 million shares were traded which represents a -29.3% decline from the average session volume which is 2.71M shares. TRGP had ended its last session trading at 42.83. Targa Resources Corp. currently has a market cap of $9.82B, while its P/E ratio stands at 3825.45, while its P/E earnings growth sits at 0.93, with a beta of 2.06. Targa Resources Corp. debt-to-equity ratio currently stands at 0.98, while its quick ratio hovers at 0.60. TRGP 52-week low price stands at $33.55 while its 52-week high price is $59.21.
The company in its last quarterly report recorded -$0.24 earnings per share which is below the $0.06 predicted by most analysts. The Targa Resources Corp. generated $2,986.40 million in revenue during the last quarter, which is slightly lower than the $3,005.43 million predicted by analysts. In the second quarter last year, the firm recorded -$0.02 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 91.67%. Targa Resources Corp. has the potential to record 0.01 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Oppenheimer published a research note on November 27th, 2018 where it informed investors and clients that Ferroglobe PLC (NASDAQ:GSM) is now rated as Perform. JP Morgan also rated GSM as Upgrade on January 8th, 2019, with its price target of suggesting that GSM could surge by 54.48% from its current share price. Even though the stock has been trading at $2.54/share, analysts expect it to surge higher by -5.91% to reach $5.25/share. It started the day trading at $2.7 and traded between $2.27 and $2.39 throughout the trading session.
A look at its technical shows that GSM’s 50-day SMA is 3.44 while its 200-day SMA stands at 7.57. The stock has a high of $17.40 for the year while the low is $1.47. The company’s P/E ratio currently sits at 5.28, while the P/B ratio is 0.42. The company’s average trading volume currently stands at 2.05M shares, which means that the short-interest ratio is just 3.10 days. Over the past seven days, the company moved, with its shift of 48.45%. Looking further, the stock has dropped -63.68% over the past 90 days while it lost -71.10% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Adage Capital Management LP bought more GSM shares, increasing its portfolio by +8.71% during the last quarter. This move now sees Adage Capital Management LP purchasing 850,000 shares in the last quarter, thus it now holds 10,610,892 shares of GSM, with a total valuation of $16,871,318. Wellington Management Co LLP meanwhile bought more GSM shares in the recently filed quarter, changing its stake to $10,151,638 worth of shares. Barrow Hanley Mewhinney Strau followed the path by decreasing its GSM portfolio by -0.89% in the quarter. This means that Barrow Hanley Mewhinney Strau sold -54,539 shares in the last quarter and now controls 6,065,305 shares of the GSM stock, with the valuation hitting $9,643,835.
Similarly, Frontier Capital Management Co L increased its Ferroglobe PLC shares by +26.33% during the recently filed quarter. After buying 1,071,486 shares in the last quarter, the firm now controls 5,141,627 shares of Ferroglobe PLC which are valued at $8,175,187. In the same vein, Millennium Management LLC decreased its Ferroglobe PLC shares by during the most recent reported quarter. The firm sold -1,732,730 shares during the quarter which decreased its stakes to 5,107,257 shares and is now valued at $8,120,539. Following these latest developments, around 82.53% of Ferroglobe PLC stocks are owned by institutional investors and hedge funds.