Analyst Ratings for Phillips 66 (PSX)Updated: 2017-07-28
Phillips 66 (NYSE:PSX) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for PSX last month.
A buy rating was issued by 5 analysts, 1 issued an overweight rating, 15 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for PSX by the analysts covering the stock. The most optimistic analyst gave a price target of 103, which equates to a potential upside of 23.13 percent. The most pessimistic analyst gave a price target of 78, implying potential capital losses of -6.75 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -16.74 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -14.49 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -3.99 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.04 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 8 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 6 analysts decreased their estimates.
Analysts estimate earnings of PSX to grow at a rate of 27.29 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of PSX is 0.95.
PSX has a 52-week high of 88.87 and a 52-week low of 73.82. Currently the stock is 13.32 percent higher than its low, and below the high by 5.87 percent. PSX has a price/earnings ratio of 25.98. Investors typically compare the P/E ratio to a company's peers in the industry. The PSX value stock report compares PSX to some of its peers using value stock charts. The market cap of PSX is $43.62 billion. PSX's next earnings release will be on 0000-00-00, which is days away.