Valero Energy Given New $62.00 Price Target at Macquarie (VLO)
Macquarie lowered their price target on shares of Valero Energy (NYSE:VLO) from $69.00 to $62.00 in a research note issued on Friday. Macquarie’s target price suggests a potential upside of 25.99% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and a consensus price target of $57.77.
Valero Energy (NYSE:VLO) traded up 1.49% on Friday, hitting $49.941. The stock had a trading volume of 3,346,383 shares. Valero Energy has a one year low of $33.20 and a one year high of $59.69. The stock has a 50-day moving average of $53.64 and a 200-day moving average of $52.84. The company has a market cap of $26.650 billion and a P/E ratio of 9.24. Valero Energy also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 19,833 put options on the stock. This represents an increase of 153% compared to the typical volume of 7,849 put options.
Valero Energy (NYSE:VLO) last released its earnings data on Tuesday, April 29th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Valero Energy will post $5.97 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.