Credit Suisse resumes coverage of Chevron Corp(CVX:NYE) with an Outperform rating and a $202 target

STA Research
by: STA Research
Chevron Corp

Credit Suisse resumes coverage of Chevron Corp with an Outperform rating and a target price of $202 on the company’s stock.

Based on the Chevron Corp stock forecasts from 19 analysts, the average analyst target price for Chevron Corp is USD 172.06 over the next 12 months. Chevron Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Chevron Corp is Neutral, which is based on 7 positive signals and 6 negative signals. At the last closing, Chevron Corp’s stock price was USD 155.82Chevron Corp’s stock price has changed by +0.30% over the past week, +9.14% over the past month and +52.64% over the last year.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What we don’t like:

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

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