Credit Suisse cut their target price on shares of Phillips 66 (NYSE:PSX) from $73.00 to $67.00 in a research note issued on Tuesday, AR Network reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price indicates a potential upside of 17.98% from the stock’s previous close.
Phillips 66 (NYSE:PSX) traded down 1.18% during mid-day trading on Tuesday, hitting $56.79. The stock had a trading volume of 3,476,502 shares. Phillips 66 has a one year low of $42.45 and a one year high of $70.52. The stock’s 50-day moving average is $58.24 and its 200-day moving average is $61.64. The company has a market cap of $34.700 billion and a P/E ratio of 7.79.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.81 by $0.31. During the same quarter in the prior year, the company posted $2.23 earnings per share. Analysts expect that Phillips 66 will post $6.84 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus downgraded shares of Phillips 66 (NYSE:PSX) from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $6.89 price target on the stock, down previously from $7.25. They noted that the move was a valuation call. Separately, analysts at Oppenheimer cut their price target on shares of Phillips 66 (NYSE:PSX) from $80.00 to $75.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Phillips 66 (NYSE:PSX) in a research note to investors on Thursday, June 27th.
Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.09.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.