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.
Many analysts weighed in on price targets for PSX. The maximum price target given was 103, which equates to a potential upside of 23.13 percent. The lowest price target was 78, which equates to a potential downside 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -16.74 percent. That number becomes -14.49 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -3.99 percent, compared to last month. 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. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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, compared to 6 analysts that revised their FY estimates downwards.
PSX has an estimated earnings growth rate of 27.29 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. PSX has a PEG ratio of 0.95.
PSX has traded between a high of 88.87 and a low of 73.82 over the past year. The current market price is above the trailing year's low by 13.32 percent, and 5.87 percent lower than its 52-week high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.