HollyFrontier (NYSE:HFC) Has Just Had Its Price Target Increased by Research Analysts at Credit Suisse to $65.00


Stock Analysis:HollyFrontier (NYSE:HFC) Stock Target Has Been Increased

In an analyst note distributed to Clients by Credit Suisse on Wednesday morning, HollyFrontier (NYSE:HFC) had its target boosted to $65.00. The firm currently has a solid “Neutral” rating on shares.

From a total of 14 analysts covering HollyFrontier (NYSE:HFC) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 11 a ”Hold”. This means that 37% of the ratings are positive. The highest target price is $66 while the lowest target price is $45. The mean of all analyst targets is $55.86 with a 16.96% above today’s ($50.13) stock price. HollyFrontier was the topic of 12 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 6 with “Outperform” rating. Oppenheimer maintained shares with “Outperform” rating and $58 target share price in a report from an August 6. Deutsche Bank maintained HFC stock in a recent report from September 6 with “Hold” rating. Scotia Capital upgraded the rating on August 6. Scotia Capital has a “Sector Perform” rating and a $59 price target on shares. Finally, Bank of America downgraded the stock to “Neutral” rating in a report issued on an August 24.

Approximately 187,782 shares of stock traded hands. HollyFrontier Corp (NYSE:HFC) has risen 26.54% since April 29, 2015 and is uptrending. It has outperformed by 26.74% the S&P500.

HollyFrontier Corporation is an independent petroleum refiner in the United States. The company has a market cap of $9.17 billion. The Firm produces refined products, such as gasoline, diesel fuel, jet fuel, lubricant products, and specialty and modified asphalt. It has 17 P/E ratio. The Firm operates through two divisions, namely, Refining and HEP.

According to Zacks Investment Research, “HollyFrontier Corporation is engaged in refining petroleum. It produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. HollyFrontier Corporation, formerly known as Holly Corporation, is headquartered in Dallas, Texas.” Get a free copy of the Zacks research report on HollyFrontier Corp (HFC).