Citigroup (NYSE:C) analyst Prashant Rao maintained a Buy rating on Valero Energy Corp (NYSE:VLO). on Thursday, setting a price target of $85, which is approximately 56.25% above the present share price of $54.4.
Rao expects Valero Energy Corp. to post earnings per share (EPS) of -$4.54 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Valero Energy, with an average price target of $72.5.
The analysts price targets range from a high of $86 to a low of $46.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $22.1 billion and a net profit of -$2.28 billion. The company's market cap is $23.33 billion.
According to TipRanks.com, Citigroup analyst Prashant Rao is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -8.2% and a 38.71% success rate.
Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations. The Ethanol segment includes its ethanol operations, associated marketing activities, and logistics assets that support its ethanol operations. The Renewable Diesel covers the operations of Diamond Green Diesel Holdings LLC. The company was founded on January 1, 1980 and is headquartered in San Antonio, TX.