Stock To Watch: Chevron Corporation (NYSE:CVX)


The leading market experts have placed a mean price target of $106.39 on Chevron Corporation (NYSE:CVX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.60 a share for the upcoming quarter and $1.15 for the current fiscal. Technical View The technical analysis of Chevron Corporation Common Stoc plainly substantiates that the 50-day moving average of Chevron Corporation Common Stoc is $101.77, and stock is hovering 2.09 or +2.06% distant from $101.77. It is noted that the 200-day MA is $94.13, and Chevron Corporation Common Stoc stock is $9.73 or +10.34% off from this point. Chevron Corporation (NYSE:CVX) 52-week high is $105.00 and the 52-week low is $69.58. This explains if the stock moves $-1.14, it will post a 52-week high. In event of $+49.27% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Chevron Corporation Common Stoc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Chevron Corporation (NYSE:CVX) ratio came in at 150.30. The stock last ended the trading session at $103.86 and registered a market cap of $195.75B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Chevron Corporation (NYSE:CVX) PEG ratio is at 2.15.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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