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How Andeavor Fared in 3Q17

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Part 4
How Andeavor Fared in 3Q17 PART 4 OF 5

How Analysts Rate Andeavor

Analyst ratings for ANDV

In this series, we examined Andeavor’s (ANDV) 3Q17 earnings versus estimates. Plus, we analyzed ANDV’s refining margin in 3Q17. We also discussed ANDV’s stock performance on its earnings release day, November 8, 2017. Now, we’ll examine the analyst ratings for ANDV.

How Analysts Rate Andeavor

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Out of the 19 analysts that cover Andeavor (ANDV), 14 have assigned a “buy” or “strong buy” rating, five have assigned a “hold” rating, and no one has assigned a “sell” or “strong sell” rating on the stock. Andeavor (ANDV) could witness a change in ratings in days to come as analysts drill further down into the 3Q17 numbers.

However, pre-earnings, Andeavor has witnessed a change in its ratings and target prices. Jefferies downgraded ANDV to “hold.” Also, the company lowered ANDV’s target price to $109 per share. However, Simmons raised ANDV’s target price from $116 per share to $117 per share. Also, Barclays increased its target price for Andeavor stock from $118 per share to $121 per share. ANDV’s mean target price of $120 per share implies an 8% gain from the current level.

Analyst ratings for peers

ANDV’s peers Phillips 66 (PSX), Valero Energy (VLO), and Marathon Petroleum (MPC) have been rated as a “buy” by 42%, 43%, and 79% of analysts, respectively. Other downstream players like HollyFrontier (HFC) and Delek US Holdings (DK) have been rated as a “buy” by 29% and 40% of analysts, respectively.

In the next part, we’ll look at Andeavor’s stock price forecast range for the nine days ending November 17, 2017.

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