http://www.americanbankingnews.com/getthestreet reaffirmed their buy rating on shares of Tesoro (NYSE: TSO) in a research note released on Monday morning.
“Tesoro Corporation (TSO) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.”
,” the firm’s analyst wrote.
TSO has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of Tesoro from $84.00 to $92.00 in a research note to investors on Friday, March 15th. They now have an overweight rating on the stock. Separately, analysts at Credit Suisse reiterated an outperform rating on shares of Tesoro in a research note to investors on Friday, March 8th. They now have a $63.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Tesoro from $55.00 to $65.00 in a research note to investors on Thursday, February 21st. They now have an outperform rating on the stock.
Three investment analysts have rated the stock with a hold rating and sixteen 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 $60.23.
Tesoro (NYSE: TSO) opened at 56.83 on Monday. Tesoro has a 1-year low of $20.77 and a 1-year high of $59.56. The stock’s 50-day moving average is currently $54.41. The company has a market cap of $7.832 billion and a price-to-earnings ratio of 10.82.
Tesoro Corporation (NYSE: TSO) is an independent petroleum refiners and marketers in the United States.
To view TheStreet’s full report, visit www.thestreetratings.com
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