Making the right call on equity investments requires dedicated and extensive research. Covering equity analysts polled by Zacks Research have a consensus target price of $113.142 on shares of Chevron Corporation (NYSE:CVX). This estimate may differ from what other benchmark data providers such as First Call have compiled for their target. Analysts may use different methods in order to calculate a future target price for the company. They may use fundamental analysis, technical analysis, or a combination of the two. Currently, the range of target price projections from equity analysts taken into considereation by Zacks Research is $85-$125. The variance in target estimates can be widely different from one analyst to the next.
Covering equity analysts may also provide company stock ratings. Sell-side research firms may use different terminology when evaluating whether a stock should be pegged as a Buy, Sell, or Hold. Zacks Research offers an Average Broker Rating on company shares. This rating compiles recommendations from research analysts, and the resulting number resides on a scale between 1 and 5. Presently, Chevron Corporation has an ABR of 1.72. Following this rating scale, a score of 1 would represent a Strong Buy, and a score of 5 would indicate a Strong Sell. The average broker rating helps provide investors with a general feel of analyst sentiment on the stock.
Wall Street analysts are typically extra busy during earnings season. Prior to earnings, they are trying to correctly predict what a specific company will report. After earnings, they may be busy sifting through the earnings report and updating future company projections. Sell-side equity analysts are currently looking for the company to report quarterly EPS of $0.39. Most recently, the company reported a quarterly earnings per share actual that landed $0.17 away from what polled analysts were anticipating. This created a suprise factor of 54.84%. On or around 2016-10-28 is when the company is expected to next post earnings results.
The data in this report is in part provided by Zacks Research and Yahoo Finance. The author does not have, nor plans to take any position in Chevron Corporation shares within the next 14 days. Readers should not consider this as a recommendation to buy or sell company stock. This piece is for informational purposes only. Potentialy investors should always conduct full research before making investment decisions.