BidaskClub Upgrades Andeavor (ANDV) to “Buy”
Andeavor (NASDAQ:ANDV) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.
A number of other brokerages have also weighed in on ANDV. Howard Weil lowered shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target on the stock. in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of Andeavor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Scotiabank lowered shares of Andeavor from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $103.00 to $112.00 in a research note on Saturday, September 30th. Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price target on shares of Andeavor in a research note on Thursday, September 28th. Finally, Morgan Stanley began coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They issued an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Andeavor presently has an average rating of “Buy” and an average price target of $115.50.
Shares of Andeavor (NASDAQ:ANDV) opened at 105.99 on Friday. The stock has a market capitalization of $16.95 billion and a P/E ratio of 17.72. The company has a 50 day moving average price of $101.12 and a 200-day moving average price of $91.24. Andeavor has a 52-week low of $75.11 and a 52-week high of $106.35.
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An institutional investor recently bought a new position in Andeavor stock. Fulton Bank N.A. bought a new position in Andeavor (NASDAQ:ANDV) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,731 shares of the company’s stock, valued at approximately $281,000.
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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