Targa Resources (TRGP)
(Delayed Data from NYSE)
$112.31 USD
-0.68 (-0.60%)
Updated May 3, 2024 04:00 PM ET
After-Market: $112.31 0.00 (0.00%) 7:58 PM ET
2-Buy of 5 2
B Value A Growth B Momentum A VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
TRGP 112.31 -0.68(-0.60%)
Will TRGP be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for TRGP based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for TRGP
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TRGP: What are Zacks experts saying now?
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Scotiabank Keeps Their Buy Rating on Targa Resources (TRGP)
Targa Resources Corp (TRGP) Q1 2024 Earnings Call Transcript Highlights: Record Performance ...