PBF Energy Price Target Cut to $22.00 (PBF)
Stock analysts at Credit Suisse cut their target price on shares of PBF Energy (NYSE:PBF) from $25.00 to $22.00 in a report issued on Wednesday, American Banking News reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective indicates a potential upside of 2.61% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank initiated coverage on shares of PBF Energy in a research note to investors on Monday. They set a “hold” rating and a $25.00 price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of PBF Energy from $26.00 to $24.00 in a research note to investors on Tuesday, October 1st. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of PBF Energy from $29.00 to $27.00 in a research note to investors on Monday, September 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.71.
Shares of PBF Energy (NYSE:PBF) traded down 1.61% on Wednesday, hitting $21.44. The stock had a trading volume of 1,002,760 shares. PBF Energy has a one year low of $20.15 and a one year high of $42.50. The stock has a 50-day moving average of $22.26 and a 200-day moving average of $26.36. The company’s market cap is $848.6 million.
PBF Energy (NYSE:PBF) last announced its earnings results 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 in the previous year, the company posted $3.45 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts predict that PBF Energy will post $1.35 earnings per share for the current fiscal year.
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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