Looking at top Wall Street opinions, Verizon Communications Inc. (NYSE: VZ) has recently made its way into the research list of Morgan Stanley – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Equal-Weight in the eyes of Morgan Stanley, whereas its previous rating was Overweight in the eyes of Morgan Stanley, as reported on Wednesday, December 12th, 2018. Another heavy-hitting research note was published by JP Morgan on Monday December 3rd, 2018, with this firm downgrading VZ to an updated rating of Neutral from its previous rating of Overweight. In the past six months and three months of trading, shares of Verizon Communications Inc. (VZ) have moved by -2.28% and 6.20%, respectively.
Brokerage Updates Related to Verizon Communications Inc. (VZ) Stock
This publicly-traded organization generated gains of 1.59% over the last 5 sessions. Right now, this stock is the subject of 27 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Not a Single analyst have given underperform rating or sell rating, and 5 have given a rating of Buy or better. Based on the 27 stock market experts following this company, the average 12-month price target is $59.64. Moreover, individual price targets range between $50.00-$67.00. With its recent move to $61.50, we can see that these firms project this stock will gain by 20.07% in one year.
Updates from Verizon Communications Inc. (VZ) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.03% rise since the beginning of the calendar year. A SVP & Controller at Verizon Communications Inc. (VZ) sold off some of its shares in a transaction that was finalized on May 01. Similarly, SILLIMAN CRAIG L. sold 1,349 shares of the organization’s stock at $56.06 apiece and racked up $75,625 in earnings from the sale. Now, SILLIMAN CRAIG L. holds 28,077 shares of the company following the exchange. A EVP of PubPolicy & Gen Counsel of the organization named SILLIMAN CRAIG L., was engaged in a transaction that occurred on Mar 26 that managed to be worth $81,345 from the sale of 1,349 common shares at a price of $60.30 per individual share.
Verizon Communications Inc. (NYSE:VZ) Results in the Pipeline
The next scheduled release of financial results for Verizon Communications Inc. will be for the Mar-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $1.17. In the same vein, they expect sales for the quarter to amount to $32,149.90 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $32,128.00 million in revenue alongside EPS at $1.20. On average, the analyst projection was calling for $34,281.00 million with $1.12 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $32,607.00 million, with earnings per share ending up at $1.22.
Chevron Corporation (NYSE:CVX) experienced a drop of -1.10% from the closing price in the previous trading day. That drove the price to $120.80 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 8,343,405 shares of stock – compared to the typical average of 8.03M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $140.94.
Pricing Indications for Chevron Corporation (CVX)
This organization has had a price-to-earnings ratio of 16.72 in the last year. Meanwhile, it gained 122.10 from its observable 50-day simple moving average. Right at this moment, the per-share value is 2.01% higher than the mean per-share price over the last 200 days in the market.
Chevron Corporation (NYSE:CVX) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 8 have a Buy rating, 9 have an outperform rating, while 6 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 1.90 , based on information from Thomson Reuters.
CVX Stock Value Potential
In trading activity as of late, this stock’s value was 118.38 up from its 200 day moving average, while also -1.11% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $119.00-$155.00. The market value for the entire organization reached 228.58B. In the last trading session, the price ended the day at $122.14. The institutional holdings related to this organization account for 0.05%, and the Beta factor is now 0.98. This company’s RSI (Relative Strength Index) managed to hit 50.19.
Chevron Corporation (NYSE:CVX) Analyst Points of Focus
Chevron Corporation (CVX) has found itself inside of Citigroup’s research list, so their analyst rating adjustment is worth taking note of. This stock was Resumed to Buy, by Citigroup, as garnered from a news report on Monday May 13th, 2019. An additional helpful research note was sent out by BofA/Merrill’s on Friday April 12th, 2019. The brokerage decided to upgrade CVX to Buy from its previous rating of Neutral.