Scotiabank has revised its price target for Valero Energy Corporation (VLO, Financial), bringing it down to $136 from the previous $156. Despite this adjustment, the financial institution maintains an Outperform rating on the shares.
This update is part of a broader evaluation by Scotiabank within the U.S. Integrated Oil, Refining, and Large Cap Exploration & Production sector. The decision reflects the firm’s ongoing assessment of market conditions and sector performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Valero Energy Corp (VLO, Financial) is $149.00 with a high estimate of $165.00 and a low estimate of $128.00. The average target implies an upside of 36.68% from the current price of $109.01. More detailed estimate data can be found on the Valero Energy Corp (VLO) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Valero Energy Corp's (VLO, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Valero Energy Corp (VLO, Financial) in one year is $125.82, suggesting a upside of 15.42% from the current price of $109.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Valero Energy Corp (VLO) Summary page.
