Andeavor (ANDV) Rating Lowered to Hold at BidaskClub
Andeavor (NASDAQ:ANDV) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a report on Tuesday, September 12th. Barclays PLC restated an “overweight” rating and issued a $121.00 target price (up previously from $118.00) on shares of Andeavor in a report on Tuesday, October 10th. Morgan Stanley initiated coverage on Andeavor in a report on Wednesday, August 2nd. They issued an “overweight” rating on the stock. Scotiabank lowered Andeavor from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $103.00 to $112.00 in a report on Saturday, September 30th. Finally, Cowen and Company restated a “buy” rating and issued a $120.00 target price on shares of Andeavor in a report on Thursday, September 28th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $116.00.
Andeavor (ANDV) opened at 104.32 on Tuesday. The company has a 50-day moving average price of $103.47 and a 200 day moving average price of $92.68. Andeavor has a 12-month low of $75.11 and a 12-month high of $107.71. The company has a market cap of $16.37 billion and a PE ratio of 36.99.
A hedge fund recently bought a new stake in Andeavor stock. Fulton Bank N.A. purchased a new stake in shares of Andeavor (NASDAQ:ANDV) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,731 shares of the company’s stock, valued at approximately $281,000.
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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