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 most optimistic analyst gave a price target of 33, which equates to a potential upside 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. Over the past 30 days, FY earnings estimates have also changed downwards by -2.72 percent. 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. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

The growth rate of TEGP's earnings is estimated by analysts to be 78.05 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. TEGP has a PEG ratio of 0.55.

In the last 52-weeks, TEGP has achieved a high of 29.50 and a low of 21.74. Currently the stock is 18.17 percent higher than its low, and below the high by 12.92 percent. 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.