Analyst Notes for Valero Energy – Valero Energy Corp. (VLO)
In the past 3 months, 6 analysts have published their opinion on the Valero Energy share (NYSE: VLO). These analysts are typically employed by large Wall Street banks and tasked with understanding a company’s operations in order to predict how a stock will trade over the coming year.
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These 6 analysts have an average price target of $ 92.17 from Valero Energy‘s current price of $ 76.57, which implies a rise.
Below is a summary of how these 6 analysts have rated Valero Energy over the past 3 months. The higher the number of bullish ratings, the more positive analysts are on the stock and the higher the number of bearish ratings, the more negative analysts are on the stock.
This current average is up 4.5% from the previous average price target of $ 88.20.
Ratings come from analysts or specialists in banking and financial systems who publish reports for specific stocks or defined sectors (usually quarterly for each stock). Analysts typically get their information from conference calls and company meetings, financial statements, and conversations with important insiders to make their decisions.
Some analysts also offer forecasts for useful metrics such as earnings, income, and growth estimates to provide additional guidance on what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only predict their beliefs from traders.
This article was generated by Benzinga’s automated content engine and edited by an editor.