Is Targa Resources Stock Set to Generate High Returns in 2017?

Of the analysts surveyed by Reuters, 58% recommend “holds” on Targa Resources (TRGP) stock. About 42% of analysts have rated Targa Resources as a “buy.” No analysts surveyed have rated the stock as a “sell.”

The median target price for TRGP provided by analysts is $63. The stock is currently trading near $59.29. This difference implies a 6% price return for investors over the next year.

The graph above shows analysts’ recommendations for Targa Resources over the last year.

As for other midstream companies, 93% of analysts have rated Enterprise Products Partners (EPD) as a “buy,” 63% of analysts have rated Sunoco Logistics Partners (SXL) as a “buy,” and 33% of analysts have rated Williams Partners (WPZ) as a “buy.”