Alon USA Energy Given New $11.00 Price Target at Credit Suisse (ALJ)
Equities researchers at Credit Suisse cut their price objective on shares of Alon USA Energy (NYSE:ALJ) from $16.00 to $11.00 in a research report issued on Wednesday, Analyst Ratings News reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target indicates a potential upside of 23.18% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Alon USA Energy from $18.00 to $15.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Macquarie cut their price target on shares of Alon USA Energy from $9.00 to $8.00 in a research note to investors on Thursday, October 3rd. They now have an “underperform” rating on the stock. Finally, analysts at Cowen and Company reiterated a “hold” rating on shares of Alon USA Energy in a research note to investors on Wednesday, October 2nd. They now have a $11.00 price target on the stock, down previously from $15.00. Five equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average price target of $13.43.
Shares of Alon USA Energy (NYSE:ALJ) traded down 1.33% on Wednesday, hitting $8.93. The stock had a trading volume of 1,389,413 shares. Alon USA Energy has a 1-year low of $8.55 and a 1-year high of $21.24. The stock’s 50-day moving average is $11.17 and its 200-day moving average is $14.53. The company has a market cap of $557.7 million and a P/E ratio of 4.46.
Alon USA Energy (NYSE:ALJ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company posted $0.63 earnings per share. Alon USA Energy’s revenue was down 12.2% compared to the same quarter last year. On average, analysts predict that Alon USA Energy will post $0.74 earnings per share for the current fiscal year.
Alon USA Energy, Inc is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the United States.
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