Boston, MA 04/01/2014 (wallstreetpr) – Targa Resources Partners LP (NYSE:NGLS) which gained 1.26 percent in the previous session, issued an update on its financial results. The company announced that it expects adjusted EBITDA of $210 million in the current quarter. And its adjusted EBITDA for the current year is expected to come in the range of $820 – $880 million. Analysts polled by Thomson Reuters have modeled their EBITDA views as $186 million and $784 million for the current quarter and year respectively. In the last reporting, the company announced $1.42 EPS, exceeding the consensus estimate at $1.26. Revenue was also on the beating path, coming at $5.40 billion against consensus $5.19 billion. By contrast, the company noted $1.32 EPS in the comparable quarter a year ago. Revenue was up 2.9 percent year-over-year. Analysts at UBS AG recently issued a buy recommendation for the stock of Targa Resources Partners LP (NYSE:NGLS) and set a price target of $59. Shares of the company completed at $56.26 in the last session.
Just how much is the CEO of a leading investment and assets management company supposed to take home? At Piper Jaffray Companies (NYSE:PJC), it wasn’t the CEO who is the general of the company taking home the fattest check. It has emerged that while PJC top executive Andrew Duff realized more than $4 million in 2013 in pay package, that amount was dwarfed by the $6.4 million which went to head of assets management Brian O’Brien. Thus, the CEO was far from the top earner at the investment bank according to 2013 executive pay and compensation filings. Piper Jaffray Companies (NYSE:PJC) carries consensus hold rating and average price target of $39.12. That follows comments from about six ratings firms currently tracking the stock. Analysts at SunTrust were the latest to initiate comments on the stock, issue neutral rating in their note to investors.
Dr Pepper Snapple Group Inc. (NYSE:DPS) has picked two distributors namely Baton Rouge Beer Agency and Crescent Crown Distributing, to help with its distribution of noncarbonated beverages and soft drink in southern Louisiana. The company announced that it was closing its distribution site in Gonzales, thus necessitating the announced distribution agreements.