Analyst Ratings For Phillips 66
Over the past 3 months, 9 analysts have published their opinion on Phillips 66 (NYSE:PSX) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company’s business to predict how a stock will trade over the upcoming year.
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These 9 analysts have an average price target of $93.33 versus the current price of Phillips 66 at 71.385, implying 3.67 downside.
Below is a summary of how these 9 analysts rated Phillips 66 over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock
This current average has decreased by 3.67% from the previous average price target of $96.89.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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