Valero Energy Price Target Raised to $75.00 at Barclays (VLO)
Research analysts at Barclays boosted their price objective on shares of Valero Energy (NYSE:VLO) from $70.00 to $75.00 in a report released on Wednesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 31.95% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Valero Energy from $60.00 to $70.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at BofA Merrill Lynch downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $63.00 price target on the stock. Finally, analysts at Bank of America downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $63.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.21.
Valero Energy (NYSE:VLO) traded up 0.70% on Wednesday, hitting $57.2399. 4,033,279 shares of the company’s stock traded hands. Valero Energy has a 1-year low of $33.00 and a 1-year high of $58.97. The stock’s 50-day moving average is $54.43 and its 200-day moving average is $48.56. The company has a market cap of $30.481 billion and a P/E ratio of 11.44. Valero Energy also saw unusually large options trading activity on Monday. Stock investors acquired 16,527 put options on the stock. This represents an increase of approximately 193% compared to the typical daily volume of 5,636 put options.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.13. The company had revenue of $33.66 billion for the quarter, compared to the consensus estimate of $32.24 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Valero Energy will post $6.13 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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