Analyst Ratings for Tallgrass Energy GP LP Cl A (TEGP)

Updated: 2017-07-26

Analysts covering Tallgrass Energy GP LP Cl A (NYSE:TEGP) have given it a consensus rating of Overweight. About 30 days ago, TEGP was issued an average rating of Overweight.

A buy rating was issued by 5 analysts, 1 gave an overweight rating, 7 issued a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for TEGP. The most optimistic analyst gave a price target of 33, implying a possible profit of 28.45 percent. The most pessimistic analyst gave a price target of 24, implying potential capital losses of -6.58 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -4.26 percent. That number becomes 10.53 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.72 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 11.11 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

Analysts estimate earnings of TEGP to grow at a rate of 78.05 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of TEGP is 0.55.

TEGP has a 52-week high of 29.50 and a 52-week low of 21.74. Today's price is 18.17 percent above the 52-week low, and 12.92 percent lower than its 52-week high. TEGP has a P/E ratio of 42.82. Investors typically compare the P/E ratio to a company's peers in the industry. The TEGP value stock report compares TEGP to some of its peers using value stock charts. The market cap of TEGP is $4.15 billion. TEGP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.