HollyFrontier Corp. Price Target Raised to $45.00 at Cowen and Company (HFC)
Cowen and Company hoisted their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $42.00 to $45.00 in a research note issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s target price points to a potential upside of 6.69% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley cut their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $53.00 to $43.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Argus cut their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $68.00 to $56.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital reiterated a “buy” rating on shares of HollyFrontier Corp. (NYSE:HFC) in a research note to investors on Tuesday, September 10th. They now have a $85.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $55.18.
HollyFrontier Corp. (NYSE:HFC) traded up 0.84% on Wednesday, hitting $42.18. 2,780,159 shares of the company’s stock traded hands. HollyFrontier Corp. has a 52-week low of $36.22 and a 52-week high of $59.20. The stock’s 50-day moving average is $43.53 and its 200-day moving average is $45.9. The company has a market cap of $8.407 billion and a price-to-earnings ratio of 5.37.
HollyFrontier Corp. (NYSE:HFC) last announced its earnings results on Wednesday, August 7th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $2.39 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that HollyFrontier Corp. will post $4.71 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.