Valero Energy Corporation (VLO) : Analyst Rating Update

Valero Energy Corporation (VLO) has an average broker rating of 1.8, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Valero Energy Corporation (VLO) : Average target price received by Valero Energy Corporation (VLO) is $72.18 with an expected standard deviation of $8.62. The most aggressive target on the stock is $83, whereas the most downbeat target is $59. 11 financial analysts are currently covering the stock.

Valero Energy Corporation (NYSE:VLO): The stock opened at $49.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.74 for the day. The stock traded down to $47.38 during the day, due to lack of any buying support eventually closed down at $48.66 with a loss of -2.37% for the day. The stock had closed at $49.84 on the previous day. The total traded volume was 11,096,154 shares.

Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on Valero Energy Corporation (NYSE:VLO). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $57 per share to $59 per share. The rating by the firm was issued on June 10, 2016. The company shares have dropped -22.10% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $73.88 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $53.44 and the 200 Day Moving Average price is recorded at $60.54.

Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Companys refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through approximately 7,400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations in the United States, Canada, the United Kingdom, Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.

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