Phillips 66

Phillips 66 (PSX) is analysts’ third-favorite stock. Marathon Petroleum (MPC) and Valero Energy (VLO) have been rated as “buy” by 100% and 76% of the analysts, respectively.

Currently, 12 (or 67%) of the 18 analysts covering Phillips 66 have rated it as a “buy” in April. Six analysts (or 33%) have rated Phillips 66 as a “hold.”

Phillips 66: Analysts’ Third Pick with 67% ‘Buy’ Ratings

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Compared to April 2018, analysts’ ratings for Phillips 66 are stronger. In 2018, Phillips 66 had less “buy” ratings, more “hold” ratings, and two “sell” ratings. In 2019, Phillips 66 has more “buy” ratings, less “hold” ratings, and no “sell” ratings.

However, JPMorgan Chase has lowered Phillips 66’s target price. The firm has cut its target price on Phillips 66 stock from $124 to $122. Phillips 66’s mean target price is $120 per share, which implies a 22% gain from the current level.

Why Phillips 66 has mixed ratings

Phillips 66 has strong financials like comfortable debt and a favorable liquidity position. The company focuses on integrated growth activities, which strengthens its diversified earning model.

However, Phillips 66 trades at a higher valuation. Currently, Phillips 66 stock trades at a forward PE ratio of 11.1x, which is above the peer average of 10.2x.

Phillips 66 might have mixed ratings due to its diversified and growth-oriented earnings model, healthy financials, and premium valuations.

Latest articles

Today, Canopy Growth announced that it acquired the Saskatchewan-based KeyLeaf Life Sciences along with entities relating to the company and its intellectual property. Here's what you need to know about the completed deal.

Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.

On June 24, RH (RH) was trading at $115.01, implying a rise of 21.2% since its announcement of its first-quarter earnings results on June 12. Despite the surge in its stock price, the company is still trading at a discount of 29.1% to its 52-week high.

26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.