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 most optimistic analyst gave a price target of 103, implying a possible profit of 23.13 percent. The most pessimistic analyst gave a price target of 78, implying a possible loss of -6.75 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -16.74 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' 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. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 6 analysts that revised their FY estimates downwards.
The growth rate of PSX's earnings is estimated by analysts to be 27.29 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. PSX has a PEG ratio of 0.95.
In the trailing 52-weeks, PSX hit 88.87 at the highest peak, while it's lowest trading point was 73.82. The current market price is above the trailing year's low by 13.32 percent, 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.