UBS Downgrades Chevron (CVX) to Neutral on Valuation

February 4, 2013 6:55 AM EST
Get Alerts CVX Hot Sheet
Price: $116.38 --0%

Rating Summary:
    17 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade CVX Now!
Join SI Premium – FREE
UBS downgraded Chevron (NYSE: CVX) from Buy to Neutral saying the stock is fully valued. The firm maintained a $120 price target.

The firm comments, "CVX has outperformed the Integrated peers by ~10% over the last 12 months with shares now trading at 5.5x 2013 EV/DACF, in line with the peer group average (vs. historical nearly 1x discount) & above its historical multiple of 4.9x. Given the outperformance, CVX’s relative P/E vs. S&P 500 is also now in line with its 5-year & 10-year historical averages."

For an analyst ratings summary and ratings history on Chevron click here. For more ratings news on Chevron click here.

Shares of Chevron closed at $116.50 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

UBS, Standard & Poor's

Add Your Comment