PBF Energy Receives New Coverage from Analysts at Credit Suisse (PBF)
Credit Suisse initiated coverage on shares of PBF Energy (NYSE:PBF) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on PBF. Analysts at Raymond James cut their price target on shares of PBF Energy (NYSE:PBF) from $29.00 to $27.00 in a research note to investors on Monday, September 9th. Finally, analysts at Citigroup Inc. initiated coverage on shares of PBF Energy (NYSE:PBF) in a research note to investors on Thursday, July 18th. They set a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.10.
Shares of PBF Energy (NYSE:PBF) opened at 22.25 on Monday. PBF Energy has a 52-week low of $20.15 and a 52-week high of $42.50. The stock’s 50-day moving average is $22.48 and its 200-day moving average is $28.02. The company’s market cap is $880.7 million.
PBF Energy (NYSE:PBF) last released its earnings data on Thursday, August 1st. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.06. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.56 million. During the same quarter last year, the company posted $3.45 earnings per share. PBF Energy’s revenue was down 7.9% compared to the same quarter last year. Analysts expect that PBF Energy will post $1.72 EPS for the current fiscal year.
In other PBF Energy news, Director Dennis Houston acquired 10,000 shares of PBF Energy stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $22.66 per share, with a total value of $226,600.00. Following the completion of the acquisition, the director now directly owns 19,444 shares in the company, valued at approximately $440,601. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
PBF Energy Inc (NYSE:PBF) is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oils, petrochemical feedstocks, lubricants and other petroleum products in the United States.
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