FMP
Mar 20, 2024 12:50 PM - Davit Kirakosyan
Mizuho Securities analysts raised Chevron (NYSE:CVX) price target to $200 from $195, keeping a Buy rating on the stock. Mizuho's update is based on Chevron's year-end 2023 reserves, noting the company had outperformed its peers by approximately 4% due to robust Q4 2023 earnings until February 26.
This trend shifted following the S-4 filing related to Chevron's proposed acquisition of Hess, after which Chevron underperformed by about 6%. Concerns have arisen among investors regarding the deal's completion, especially with ExxonMobil and its partners entering arbitration to claim their 'right of first refusal' on Hess's 30% interest in Guyana.
Despite these challenges, the analysts anticipate the deal will close by September 30, later than the initially expected June 30, and still see around 19% upside to Chevron's standalone net asset value (NAV), reaffirming it as a top pick.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...