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.

A number of analysts gave price targets for TEGP. The most optimistic analyst gave a price target of 33, implying a possible profit of 28.45 percent. The lowest price target was 24, which equates to a potential downside of -6.58 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -4.26 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 10.53 percent. 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.

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, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

TEGP has an estimated earnings growth rate of 78.05 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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 traded between a high of 29.50 and a low of 21.74 over the past year. 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 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 stock has a market capitalization of $4.15 billion. TEGP will post this quarters earnings in days, on 0000-00-00.