Analyst Expectations For Phillips 66's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for Phillips 66 (NYSE:PSX), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $167.43, up 9.58% from the previous $152.79, indicating an upward trend in expectations. The company's financial performance includes a revenue decline of -4.99% for the last quarter of 2023, a net margin of 3.28%, an ROE of 4.09%, and an ROA of 1.64%, with a debt-to-equity ratio of 0.63.
April 18, 2024 | 12:01 pm
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Phillips 66 has seen a mix of analyst ratings with an upward trend in price targets to $167.43, indicating optimism. However, the company faced a revenue decline of -4.99% in Q4 2023, with a net margin of 3.28%, ROE of 4.09%, ROA of 1.64%, and a conservative debt-to-equity ratio of 0.63.
The upward revision in price targets by analysts suggests a positive outlook for Phillips 66's stock in the short term, despite the recent revenue decline. The company's strong ROE and ROA, along with a low debt-to-equity ratio, indicate a solid financial foundation, which could mitigate the impact of the revenue drop and support the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100