Chevron Sell Side Expectations

Expectations Mean recommendation: 4.21. Sell Side is 28, out of which 17 analysts recommend the stock as a buy, while the rest recommend investors to hold. which indicates a Buy The total number of analysts covering Chevron's stock Low Target Price Mean Target Price High Target Price $116 $132.7 $148 12-month target price 12-month target price 12-month target price Citigroup Credit Suisse Recommendation Buy Outperform 12-month Target Price $132 $140 EPS (FY14) $12.34 $11.86 Reasons Chevron's 3QFY13 earnings were Credit Suisse believes Chevron is below Citigroup's EPS estimate of $2.70. With downstream asset sales trading at a discount, as the market hasn't accounted for Chevron's and restructuring completed, and position in US shale, which could be worth around $50 billion in enterprise upstream asset sales expected in the future, Citigroup believes that Chevron will deliver modest growth value. US shale projects generally yeild a high return on capex invested, and once these projects come over the next 18 months. One of the headwinds that Chevron may face is on-stream, Chevron will earn higher an increase in capital expenditures, returns and trade at $180 per share. which may result in cost overruns or create challenges for the completion of ongoing projects. Citigroup estimates Chevron's FY14 EPS to be around $12.34, higher than consensus estimates of $12.12. The sell side's consensus expectation for Chevron's annual revenue growth is 3.81%, while they expect earnings to grow 3.44% from FY13 to FY15. SOURCES: Sell Side Estimates, Bloomberg Professional Services BIDNESS DISCLAIMER: etc. Bidness Etc(TM) and related marks are owned by Bidness Etc. Any other trademarks appearing on this website are the property of their respective owners, and are not used to indicate the origin of goods or services offered or provided by Bidness Etc herein or to suggest approval for or affiliation with Bidness Etc.