Credit Suisse Lowers HollyFrontier Corp. Price Target to $48.00 (HFC)
Stock analysts at Credit Suisse reduced their target price on shares of HollyFrontier Corp. (NYSE:HFC) from $55.00 to $48.00 in a report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective points to a potential upside of 20.82% from the company’s current price.
HollyFrontier Corp. (NYSE:HFC) traded down 1.73% on Wednesday, hitting $39.73. The stock had a trading volume of 3,753,455 shares. HollyFrontier Corp. has a 1-year low of $36.22 and a 1-year high of $59.20. The stock’s 50-day moving average is $43.00 and its 200-day moving average is $45.54. The company has a market cap of $7.919 billion and a P/E ratio of 5.19.
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 $4.44 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital downgraded shares of HollyFrontier Corp. from an “outperform” rating to an “in-line” rating in a research note to investors on Monday. They now have a $41.00 price target on the stock, down previously from $49.00. Separately, analysts at Oppenheimer downgraded shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 4th. Finally, analysts at Macquarie cut their price target on shares of HollyFrontier Corp. from $48.00 to $44.00 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. HollyFrontier Corp. has a consensus rating of “Hold” and an average price target of $53.30.
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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