HollyFrontier Corp. Price Target Lowered to $55.00 at Credit Suisse (HFC)
Equities researchers at Credit Suisse lowered their price target on shares of HollyFrontier Corp. (NYSE:HFC) to $55.00 in a research report issued on Tuesday, ARN reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price suggests a potential upside of 28.32% from the company’s current price.
A number of other analysts have also recently weighed in on HFC. Analysts at Morgan Stanley downgraded shares of HollyFrontier Corp. (NYSE:HFC) from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $53.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Barclays Capital raised their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $75.00 to $85.00 in a research note to investors on Thursday, August 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $45.00 to $47.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock.
One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.30.
Shares of HollyFrontier Corp. (NYSE:HFC) traded up 0.07% on Tuesday, hitting $42.86. 2,733,547 shares of the company’s stock traded hands. HollyFrontier Corp. has a 1-year low of $35.8259 and a 1-year high of $58.5559. The stock’s 50-day moving average is $44.5 and its 200-day moving average is $47.10. The company has a market cap of $8.543 billion and a P/E ratio of 5.50.
HollyFrontier Corp. (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.14. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that HollyFrontier Corp. will post $5.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, September 4th.
HollyFrontier Corporation (NYSE:HFC), formerly Holly Corporation, is a petroleum refiner, which produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.
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