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 highest price target was 103, implying potential capital gains of 23.13 percent. The most pessimistic analyst gave a price target of 78, which equates to a potential downside of -6.75 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -16.74 percent. The average change in earnings estimates over the last 90 days is -14.49 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -3.99 percent. If we look at the last 90 days instead, we find a net average change of 3.04 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 8 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 6 analysts decreased their estimates.
The growth rate of PSX's earnings is estimated by analysts to be 27.29 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of PSX is 0.95.
PSX has traded between a high of 88.87 and a low of 73.82 over the past year. 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 stock has a market capitalization of $43.62 billion. PSX will post this quarters earnings in days, on 0000-00-00.