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.
TEGP was given price targets by several analysts. The maximum price target given was 33, implying potential capital gains of 28.45 percent. The most pessimistic price target was 24, which equates to a potential downside of -6.58 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -4.26 percent on average, compared to last month. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
The growth rate of TEGP's earnings is estimated by analysts to be 78.05 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of TEGP is 0.55.
In the trailing 52-weeks, TEGP hit 29.50 at the highest peak, while it's lowest trading point was 21.74. The current market price is above the trailing year's low by 18.17 percent, and 12.92 percent below the high. TEGP has a price/earnings 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.