Texas (Apr. 11, 2013) Wax Ink has issued a Continued Investment Interest rating for HollyFrontier Corporation (NYSE: HFC) based on a recent baseline equity review which placed fair value between $70-$83.
The recent close of $48.55 is approximately 16% above the fair value buy target for the stock and approximately 43% below the fair value close target for the stock. The recent close is also 20% below analysts' $60.50 median target for the stock.
The recent close also represents a 51% increase in price since the last baseline equity review was conducted in April 2012.
The stock currently has a trailing twelve month PE Ratio of 5, and a PEG Ratio of 1.0 basis estimated forward earnings growth of 5%.
In the past 52 weeks, share prices have moved between a high of $59.20 and a low of $28.05. With the recent close, the stock is trading 22% below the 52 week high and 42% above the 52 week low.
HollyFrontier Corporation is an independent petroleum refiner that produces high value light products such as gasoline, diesel fuel and jet fuel.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink currently has a long position in the company mentioned in this alert.
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Disclosure: I am long HFC.