Valero Energy Receives Average Recommendation of “Buy” from Analysts (NYSE:VLO)
Valero Energy (NYSE:VLO) has earned a consensus rating of “Buy” from the nineteen analysts that are currently covering the company, AnalystRatingsNetwork.com reports. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $58.31.
Valero Energy (NYSE:VLO) opened at 50.32 on Wednesday. Valero Energy has a one year low of $33.00 and a one year high of $59.69. The stock has a 50-day moving average of $54.6 and a 200-day moving average of $52.76. The company has a market cap of $26.852 billion and a P/E ratio of 9.44.
Valero Energy (NYSE:VLO) last announced its earnings results 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. On average, analysts predict that Valero Energy will post $6.24 earnings per share for the current fiscal year.
A number of research firms have recently commented on VLO. Analysts at Zacks downgraded shares of Valero Energy from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 26th. They now have a $54.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Valero Energy to a “focus list” rating in a research note on Thursday, June 12th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Valero Energy in a research note on Wednesday, June 4th. They now have a $52.00 price target on the stock, up previously from $44.00.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.