Phillips 66 Price Target Increased to $90.00 by Analysts at Barclays (PSX)
Equities research analysts at Barclays boosted their price objective on shares of Phillips 66 (NYSE:PSX) from $85.00 to $90.00 in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price would suggest a potential upside of 23.14% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of Phillips 66 from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 28th. Separately, analysts at Deutsche Bank raised their price target on shares of Phillips 66 from $35.00 to $41.00 in a research note to investors on Monday, January 27th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James upgraded shares of Phillips 66 from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 23rd. They now have a $90.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Phillips 66 has a consensus rating of “Hold” and an average target price of $69.43.
Phillips 66 (NYSE:PSX) traded down 2.46% on Monday, hitting $71.29. The stock had a trading volume of 2,816,412 shares. Phillips 66 has a 52 week low of $54.80 and a 52 week high of $79.00. The stock’s 50-day moving average is $75.27 and its 200-day moving average is $64.71. The company has a market cap of $42.061 billion and a price-to-earnings ratio of 12.14.
Phillips 66 (NYSE:PSX) last released its earnings data on Wednesday, January 29th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.30. During the same quarter in the prior year, the company posted $2.06 earnings per share. Analysts expect that Phillips 66 will post $7.24 EPS for the current fiscal year.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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