Targa Resources Corp Stock Beta
| 0LD9 Stock | 185.27 1.56 0.83% |
Targa Resources Corp fundamentals help investors to digest information that contributes to Targa Resources' financial success or failures. It also enables traders to predict the movement of Targa Stock. The fundamental analysis module provides a way to measure Targa Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Targa Resources stock.
Targa | Beta |
Targa Resources Corp Company Beta Analysis
Targa Resources' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Targa Resources Beta | 2.24 |
Most of Targa Resources' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Targa Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Targa Resources Corp has a Beta of 2.237. This is 63.28% higher than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The beta for all United Kingdom stocks is notably lower than that of the firm.
Targa Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Targa Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Targa Resources could also be used in its relative valuation, which is a method of valuing Targa Resources by comparing valuation metrics of similar companies.Targa Resources is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Targa Resources will likely underperform.
Targa Fundamentals
| Return On Equity | 0.34 | |||
| Return On Asset | 0.0781 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.19 % | |||
| Current Valuation | 56.8 B | |||
| Shares Outstanding | 229.28 M | |||
| Shares Owned By Insiders | 1.43 % | |||
| Shares Owned By Institutions | 92.05 % | |||
| Price To Sales | 2.63 X | |||
| Revenue | 16.06 B | |||
| Gross Profit | 4.05 B | |||
| EBITDA | 3.97 B | |||
| Net Income | 1.58 B | |||
| Total Debt | 13.01 B | |||
| Book Value Per Share | 11.79 X | |||
| Cash Flow From Operations | 3.21 B | |||
| Earnings Per Share | (0.65) X | |||
| Number Of Employees | 3.18 K | |||
| Beta | 2.24 | |||
| Market Capitalization | 3.75 T | |||
| Total Asset | 20.67 B | |||
| Retained Earnings | 492 M | |||
| Net Asset | 20.67 B | |||
| Last Dividend Paid | 2.75 |
About Targa Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Targa Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Targa Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Targa Resources Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.