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.

Investment analysts gave a few price targets for TEGP. The maximum price target given was 33, which equates to a potential upside of 28.45 percent. The lowest price target was 24, implying a possible loss of -6.58 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -4.26 percent. The average change in earnings estimates over the last 90 days is 10.53 percent. Meanwhile, fiscal year estimates have been revised downwards by -2.72 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 11.11 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of TEGP to grow at a rate of 78.05 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of TEGP is 0.55.

In the last 52-weeks, TEGP has achieved a high of 29.50 and a 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 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 stock has a market capitalization of $4.15 billion. TEGP's next earnings release will be on 0000-00-00, which is days away.