Credit Suisse Sticks to Their Buy Rating for Chevron Corp (CVX)
Credit Suisse analyst William Featherston maintained a Buy rating on Chevron Corp (CVX) yesterday and set a price target of $130. The company’s shares closed yesterday at $107.83, close to its 52-week low of $107.10.
According to TipRanks.com, Featherston is a 1-star analyst with an average return of -4.5% and a 42.9% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Chesapeake Energy, and Devon Energy Corp.
Chevron Corp has an analyst consensus of Strong Buy, with a price target consensus of $138.75, a 28.7% upside from current levels. In a report issued on December 13, Jefferies also reiterated a Buy rating on the stock with a $148 price target.
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Chevron Corp’s market cap is currently $209.7B and has a P/E ratio of 14.53. The company has a Price to Book ratio of 1.34.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James William Johnson, the EVP of CVX sold 9,500 shares for a total of $1,126,510.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.