J.P. Morgan analyst Phil Gresh maintained a Buy rating on Valero Energy Corp (NYSE:VLO). on Thursday, setting a price target of $88, which is approximately 24.43% above the present share price of $70.72.
Gresh expects Valero Energy Corp. to post earnings per share (EPS) of $1.13 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Valero Energy, with an average price target of $92.67.
The analysts price targets range from a high of $106 to a low of $75.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $29.52 billion and a net profit of $693 million. The company's market cap is $28.91 billion.
According to TipRanks.com, J.P. Morgan analyst Phil Gresh is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.9% and a 72.25% success rate.
Founded in 1980, Texas-based Valero Energy Corp. manufactures and markets transportation fuels and other petrochemical products. The company operates through three business segments: Refining, Ethanol and Renewable Diesel.