Merrill Lynch Upgrades Tesoro Corp. to “Buy” (TSO)
Tesoro Corp. (NYSE:TSO) was upgraded by Merrill Lynch to a “buy” rating in a research note issued on Friday, AnalystRatingsNetwork reports.
A number of other firms have also recently commented on TSO. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Tesoro Corp. from $67.00 to $68.00 in a research note to investors on Monday, December 16th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tesoro Corp. in a research note to investors on Wednesday, December 11th. They now have a $62.00 price target on the stock, up previously from $55.00. Finally, analysts at Tudor Pickering downgraded shares of Tesoro Corp. from a “buy” rating to an “accumulate” rating in a research note to investors on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $68.85.
Tesoro Corp. (NYSE:TSO) traded down 1.41% during mid-day trading on Friday, hitting $57.14. The stock had a trading volume of 2,744,311 shares. Tesoro Corp. has a 52 week low of $39.85 and a 52 week high of $65.75. The stock’s 50-day moving average is $56.80 and its 200-day moving average is $51.18. The company has a market cap of $7.691 billion and a P/E ratio of 18.10.
Tesoro Corp. (NYSE:TSO) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.06. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts predict that Tesoro Corp. will post $3.28 earnings per share for the current fiscal year.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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