Andeavor (NASDAQ:ANDV) was downgraded by research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a note issued to investors on Monday, October 16th, The Fly reports. Jefferies Group also issued estimates for Andeavor’s Q3 2017 earnings at $3.40 EPS, Q4 2017 earnings at $1.01 EPS, Q1 2018 earnings at $1.22 EPS, Q2 2018 earnings at $2.86 EPS, Q3 2018 earnings at $3.54 EPS, Q4 2018 earnings at $1.00 EPS, FY2018 earnings at $8.62 EPS, FY2019 earnings at $9.25 EPS and FY2020 earnings at $8.15 EPS.
Several other research analysts have also issued reports on the company. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Barclays PLC reiterated an “overweight” rating and set a $121.00 price target (up from $118.00) on shares of Andeavor in a report on Tuesday, October 10th. Zacks Investment Research upgraded Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 price target for the company in a report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $101.00 price target on shares of Andeavor in a report on Friday, October 13th. Finally, Morgan Stanley started coverage on Andeavor in a report on Wednesday, August 2nd. They set an “overweight” rating for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $116.00.
Andeavor (ANDV) opened at 104.75 on Monday. The firm has a 50 day moving average price of $104.11 and a 200-day moving average price of $93.62. Andeavor has a 12 month low of $75.11 and a 12 month high of $107.71. The firm has a market capitalization of $16.44 billion and a price-to-earnings ratio of 37.15.
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Institutional investors have recently bought and sold shares of the business. Edge Wealth Management LLC bought a new position in shares of Andeavor during the 3rd quarter worth approximately $128,000. TCI Wealth Advisors Inc. bought a new position in shares of Andeavor during the 3rd quarter worth approximately $191,000. Calamos Advisors LLC bought a new position in shares of Andeavor during the 3rd quarter worth approximately $211,000. Quantitative Systematic Strategies LLC bought a new position in shares of Andeavor during the 3rd quarter worth approximately $236,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Andeavor during the 3rd quarter worth approximately $239,000.
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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