Valero Energy Corp. Price Target Cut to $39.00 (VLO)
Analysts at Credit Suisse dropped their target price on shares of Valero Energy Corp. (NYSE:VLO) from $40.00 to $39.00 in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price would indicate a potential upside of 14.81% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital cut their price target on shares of Valero Energy Corp. from $69.00 to $64.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Oppenheimer downgraded shares of Valero Energy 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 Valero Energy Corp. from $38.00 to $35.00 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Valero Energy Corp. presently has an average rating of “Hold” and a consensus target price of $44.46.
Valero Energy Corp. (NYSE:VLO) traded up 0.71% on Wednesday, hitting $33.97. The stock had a trading volume of 6,810,382 shares. Valero Energy Corp. has a one year low of $25.4936 and a one year high of $44.7623. The stock has a 50-day moving average of $35.14 and a 200-day moving average of $36.76. The company has a market cap of $18.417 billion and a price-to-earnings ratio of 6.66.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.04. The company had revenue of $34.03 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts expect that Valero Energy Corp. will post $3.50 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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