BMO Capital Reiterates a Hold Rating on Targa Resources (TRGP) and $51.0 Target; Last Week First Bancorp (FBP) Analysts

November 15, 2017 - By Jacob Smith

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources has $110 highest and $24 lowest target. $54.44’s average target is 30.99% above currents $41.56 stock price. Targa Resources had 72 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies upgraded Targa Resources Corp (NYSE:TRGP) on Thursday, January 14 to “Buy” rating. The stock of Targa Resources Corp (NYSE:TRGP) has “Buy” rating given on Monday, September 19 by Goldman Sachs. The firm has “Hold” rating given on Tuesday, November 7 by Wells Fargo. Jefferies maintained the shares of TRGP in report on Monday, August 21 with “Buy” rating. As per Wednesday, July 12, the company rating was upgraded by Jefferies. The firm has “Hold” rating by Jefferies given on Wednesday, June 8. The firm has “Outperform” rating given on Thursday, November 3 by RBC Capital Markets. The stock of Targa Resources Corp (NYSE:TRGP) earned “Buy” rating by Stifel Nicolaus on Monday, June 26. As per Friday, December 18, the company rating was upgraded by Jefferies. As per Monday, January 4, the company rating was downgraded by Raymond James.

Among 6 analysts covering First Bancorp (NYSE:FBP), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. First Bancorp had 9 analyst reports since July 27, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Wednesday, October 14 report. The stock of First Bancorp (NYSE:FBP) earned “Neutral” rating by Citigroup on Wednesday, February 8. Piper Jaffray maintained First Bancorp (NYSE:FBP) rating on Friday, October 6. Piper Jaffray has “Buy” rating and $9.0 target. The firm has “Buy” rating by Guggenheim given on Monday, July 27. The stock of First Bancorp (NYSE:FBP) has “Overweight” rating given on Friday, April 8 by Piper Jaffray. Bank of America maintained it with “Neutral” rating and $6 target in Wednesday, November 8 report. The stock of First Bancorp (NYSE:FBP) has “Buy” rating given on Friday, November 10 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Wednesday, October 4 by Keefe Bruyette & Woods. See First Bancorp (NYSE:FBP) latest ratings:

10/11/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $6.75 Maintain
08/11/2017 Broker: Bank of America Rating: Neutral Old Target: $7 New Target: $6 Maintain
06/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $9.0 Maintain
04/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $7.5 Maintain

Investors sentiment decreased to 1.56 in Q2 2017. Its down 0.05, from 1.61 in 2017Q1. It turned negative, as 58 investors sold Targa Resources Corp shares while 78 reduced holdings. 45 funds opened positions while 167 raised stakes. 182.63 million shares or 11.02% more from 164.50 million shares in 2017Q1 were reported. Teilinger Cap has invested 21.08% in Targa Resources Corp (NYSE:TRGP). Westwood Gru accumulated 403,503 shares. Vanguard Grp Inc Inc holds 0.04% in Targa Resources Corp (NYSE:TRGP) or 18.77 million shares. Td Asset Mgmt holds 16,209 shares. New York-based Sg Americas Securities Limited Liability Corporation has invested 0.02% in Targa Resources Corp (NYSE:TRGP). Gulf Intll National Bank & Trust (Uk) Limited reported 0.04% stake. Rr Advisors Ltd stated it has 8.17% in Targa Resources Corp (NYSE:TRGP). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt reported 6,100 shares. Voya Investment Lc stated it has 65,939 shares. Walleye Trading Limited Liability owns 45,655 shares. First Republic Invest Incorporated stated it has 0.01% in Targa Resources Corp (NYSE:TRGP). Baldwin Brothers Inc Ma accumulated 15,278 shares. Livforsakringsbolaget Skandia Omsesidigt holds 3,400 shares. Credit Suisse Ag accumulated 0.01% or 205,124 shares. Kings Point Mngmt invested 0% of its portfolio in Targa Resources Corp (NYSE:TRGP).

Targa Resources Corp. is a midstream energy firm in North America. The company has market cap of $8.96 billion. It provides midstream services. It currently has negative earnings. The Company’s divisions include Gathering and Processing, and Logistics and Marketing .

The stock decreased 1.73% or $0.73 during the last trading session, reaching $41.56. About shares traded. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since November 15, 2016 and is uptrending. It has outperformed by 1.72% the S&P500.

Analysts await Targa Resources Corp (NYSE:TRGP) to report earnings on February, 16. After $-0.15 actual earnings per share reported by Targa Resources Corp for the previous quarter, Wall Street now forecasts -93.33% EPS growth.

Investors sentiment decreased to 1.63 in 2017 Q2. Its down 0.11, from 1.74 in 2017Q1. It worsened, as 23 investors sold First Bancorp shares while 37 reduced holdings. 27 funds opened positions while 71 raised stakes. 196.07 million shares or 6.75% more from 183.66 million shares in 2017Q1 were reported. Northern stated it has 0% of its portfolio in First Bancorp (NYSE:FBP). Assetmark Inc owns 0% invested in First Bancorp (NYSE:FBP) for 574 shares. Federated Investors Pa has 0% invested in First Bancorp (NYSE:FBP). Ny State Teachers Retirement System has invested 0% in First Bancorp (NYSE:FBP). Teachers Retirement Sys Of The State Of Kentucky invested in 0% or 40,913 shares. Parallax Volatility Advisers Ltd Partnership owns 3,303 shares or 0% of their US portfolio. Suntrust Banks Inc accumulated 21,687 shares. Piedmont Invest Advsrs Ltd stated it has 34,448 shares. Fmr Limited Liability Company reported 7.92 million shares or 0.01% of all its holdings. Sei Invests Co invested in 0% or 2,924 shares. Cipher Capital Lp has invested 0.04% of its portfolio in First Bancorp (NYSE:FBP). Hanseatic Mgmt reported 2,476 shares. 114,823 were accumulated by Texas Permanent School Fund. First Trust Advsr Lp has invested 0% of its portfolio in First Bancorp (NYSE:FBP). Riverhead Capital Ltd Liability invested in 0% or 12,361 shares.

The stock increased 0.96% or $0.05 during the last trading session, reaching $4.75. About shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since November 15, 2016 and is uptrending. It has outperformed by 16.14% the S&P500.

First BanCorp. is a financial holding company. The company has market cap of $1.03 billion. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It has a 16.05 P/E ratio.

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