Here’s Who Raised Andeavor’s Target Price before 1Q18 Earnings

In this series, we’ve examined Andeavor’s 1Q18 estimates, refining margin outlook, stock performance, and moving averages before its earnings announcement expected on May 7. In the previous part, we forecast the price of its stock for an eight-day period up to its 1Q18 earnings date. In this part, we’ll examine analyst ratings for Andeavor.

A total of 20 analysts have rated Andeavor. Sixteen of them (or 80%) have assigned the stock a “buy” or “strong buy” rating, four (or 20%) have assigned it a “hold,” and none of them have assigned it a “sell” or “strong sell.”

Recently, changes in the target prices for Andeavor have shown a mixed trend. Some analysts have lowered their target prices, and others have raised them.

Recently, Jefferies cut its target price on ANDV stock to $116 per share. On the other hand, Deutsche Bank raised its target price from $142 to $146. JPMorgan increased its target price from $130 to $133. Recently, Credit Suisse, who has given ANDV an “outperform” rating, has assigned the stock a target price of $148.

Overall, ANDV’s mean target price stands at $135 per share, which implies a 13% gain from its current level.

Andeavor’s (ANDV) peers Phillips 66 (PSX), Valero Energy (VLO), and Marathon Petroleum (MPC) have been rated a “buy” by 37%, 43%, and 79% of analysts, respectively. Downstream players HollyFrontier (HFC), PBF Energy (PBF), and Delek US Holdings (DK) have been rated a “buy” by 26%, 18%, and 87% of analysts, respectively.