Targa Resources (NYSE:TRGP) has observed the following analyst ratings within the last quarter:

12 analysts offering 12-month price targets in the last 3 months for Targa Resources evaluate the company at an average price target of $47.0 with a high of $57.00 and a low of $37.00.

This current average has increased by 12.44% from the previous average price target of $41.8.

How Are Analyst Ratings Determined?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.