Valero Energy Corporation (NYSE:VLO) Has Just Had Its Price Target Increased by Equity Analysts at Credit Suisse to $95.00


Stock Analysis:Valero Energy Corporation (NYSE:VLO) Target Raised

In recent note revealed to investors by Credit Suisse on Wednesday, 2 December, Valero Energy Corporation (NYSE:VLO) had its price target hiked to $95.00. The firm presently has a solid Outperform rating on shares.

From a total of 15 analysts covering Valero Energy Corporation (NYSE:VLO) stock, 16 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $93 while the lowest target price is $66. The mean of all analyst targets is $78.33 with a 3.66% above today’s ($73.31) stock price. Valero Energy Corporation was the topic of 12 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on September 5 with “Outperform” rating. Oppenheimer maintained shares with “Outperform” rating and $80 target share price in a report from an August 3. Vetr downgraded VLO stock in a recent report from August 11 to “Strong-Buy” rating. Finally, Macquarie Research initiated the stock with “Outperform” rating in a report issued on a July 24.

Approximately 276,955 shares of stock traded hands. Valero Energy Corporation (NYSE:VLO) has risen 25.29% since April 29, 2015 and is uptrending. It has outperformed by 25.49% the S&P500.

Valero Energy Corp is an international maker and marketer of transportation fuels, other petrochemical products and power. The company has a market cap of $35.30 billion. The Company’s 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. It has 7.71 P/E ratio. The Firm markets branded and unbranded refined products through approximately 7,400 outlets.

According to Zacks Investment Research, “Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation’s top refiners of petroleum products. Valero is also one of the nation’s leading retail operators with retail outlets in the United States and Canada under various brand names including Diamond Shamrock, Ultramar, Valero, Beacon and Total.” Get a free copy of the Zacks research report on Valero Energy Corporation (VLO).