Analysts Turn Mixed On GoDaddy Inc. (GDDY), Targa Resources Corp. (TRGP)

    The shares of GoDaddy Inc. (NYSE:GDDY) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on October 11th, 2018. Citigroup wasn’t the only research firm that published a report of GoDaddy Inc., with other equities research analysts also giving their opinion on the stock. Wedbush advised investors in its research note published on September 14th, 2018, to Neutral the GDDY stock while also putting a $85 price target. The stock had earned Buy rating from Goldman when it published its report on March 23rd, 2018. That day the Goldman set price target on the stock to $81. The stock was given Buy rating by B. Riley FBR, Inc. in its report released on February 23rd, 2018, the day when the price target on the stock was placed at $65. JP Morgan was of a view that GDDY is Neutral in its latest report on December 12th, 2017. Wedbush thinks that GDDY is worth Neutral rating. This was contained in the firm’s report on December 8th, 2017 in which the stock’s price target was also moved to $52.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $88.62. The price of the stock the last time has raised by 14.71% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 28.22.

    The shares of the company dipped by -0.26% during the trading session on Tuesday, reaching a low of $64.95 while ending the day at $65.00. During the trading session, a total of 2.53 million shares were traded which represents a -63.09% decline from the average session volume which is 1.55M shares. GDDY had ended its last session trading at 65.17. GoDaddy Inc. currently has a market cap of $12.14B, while its P/E ratio stands at 136.55, while its P/E earnings growth sits at 4.44, with a beta of 0.63. GoDaddy Inc. debt-to-equity ratio currently stands at 2.64, while its quick ratio hovers at 0.80. GDDY 52-week low price stands at $56.67 while its 52-week high price is $84.97.

    The company in its last quarterly report recorded $0.01 earnings per share which is below the $0.16 predicted by most analysts. The GoDaddy Inc. generated $737.20 million in revenue during the last quarter, which is slightly higher than the $735.39 million predicted by analysts. In the second quarter last year, the firm recorded $0.07 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -600%. GoDaddy Inc. has the potential to record 0.48 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at SunTrust published a research note on June 3rd, 2019 where it informed investors and clients that Targa Resources Corp. (NYSE:TRGP) is now rated as Buy. Their price target on the stock stands at $48. Wedbush also rated TRGP as Initiated on September 14th, 2018, with its price target of $228 suggesting that TRGP could surge by 27.3% from its current share price. Even though the stock has been trading at $35.51/share, analysts expect it to surge higher by 0.11% to reach $48.90/share. It started the day trading at $36.14 and traded between $34.88 and $35.55 throughout the trading session.

    A look at its technical shows that TRGP’s 50-day SMA is 38.98 while its 200-day SMA stands at 41.97. At the moment, only of Targa Resources Corp. shares were sold short. The company’s average trading volume currently stands at 2.26M shares, which means that the short-interest ratio is just 7.34 days. Over the past seven days, the company moved, with its shift of -8.54%. Looking further, the stock has dropped -12.87% over the past 90 days while it lost -19.06% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more TRGP shares, increasing its portfolio by +0.10% during the last quarter. This move now sees The Vanguard Group Inc purchasing 20,790 shares in the last quarter, thus it now holds 21,127,409 shares of TRGP, with a total valuation of $829,462,077. Tortoise Capital Advisors LLC meanwhile bought more TRGP shares in the recently filed quarter, changing its stake to $516,413,398 worth of shares. Harvest Fund Advisors LLC followed the path by increasing its TRGP portfolio by +0.14% in the quarter. This means that Harvest Fund Advisors LLC bought 17,879 shares in the last quarter and now controls 12,884,448 shares of the TRGP stock, with the valuation hitting $505,843,428.

    Similarly, Goldman Sachs Asset Management LP increased its Targa Resources Corp. shares by +3.11% during the recently filed quarter. After buying 280,331 shares in the last quarter, the firm now controls 9,296,508 shares of Targa Resources Corp. which are valued at $364,980,904. In the same vein, Invesco Advisers Inc increased its Targa Resources Corp. shares by during the most recent reported quarter. The firm bought 547,673 shares during the quarter which increased its stakes to 7,420,898 shares and is now valued at $291,344,455. Following these latest developments, around 0.50% of Targa Resources Corp. stocks are owned by institutional investors and hedge funds.