Andeavor (ANDV) Given Consensus Rating of “Strong Buy” by Analysts
Shares of Andeavor (NASDAQ:ANDV) have been assigned an average broker rating score of 1.32 (Strong Buy) from the eleven brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and eight have given a strong buy rating to the company. Andeavor’s rating score has declined by 10.9% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 1-year consensus target price of $111.60 for the company and are predicting that the company will post $2.38 EPS for the current quarter, according to Zacks. Zacks has also given Andeavor an industry rank of 98 out of 265 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Andeavor from a “strong-buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Finally, Morgan Stanley began coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They set an “overweight” rating on the stock.
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Shares of Andeavor (NASDAQ:ANDV) traded up 0.86% during mid-day trading on Thursday, hitting $102.42. The stock had a trading volume of 2,627,348 shares. The stock has a market cap of $16.38 billion and a P/E ratio of 17.13. The stock has a 50-day moving average price of $97.84 and a 200 day moving average price of $89.09. Andeavor has a 52 week low of $75.11 and a 52 week high of $104.00.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.59 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.36 annualized dividend and a yield of 2.30%.
Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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