PBF Energy Price Target Increased to $25.00 by Analysts at Credit Suisse (PBF)
Investment analysts at Credit Suisse increased their price target on shares of PBF Energy (NYSE:PBF) from $22.00 to $25.00 in a note issued to investors on Friday, Stock Ratings Network reports. Credit Suisse’s price objective would suggest a potential downside of 8.02% from the company’s current price.
A number of other firms have also recently commented on PBF. Analysts at Deutsche Bank initiated coverage on shares of PBF Energy in a research note to investors on Monday, October 7th. 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.46.
PBF Energy (NYSE:PBF) traded up 3.23% during mid-day trading on Friday, hitting $27.18. The stock had a trading volume of 1,257,172 shares. PBF Energy has a 52-week low of $20.15 and a 52-week high of $42.50. The stock has a 50-day moving average of $23.78 and a 200-day moving average of $25.35. The company’s market cap is $1.076 billion.
PBF Energy (NYSE:PBF) last released its earnings data on Thursday, October 31st. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.41. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.52 billion. The company’s quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts predict that PBF Energy will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 21st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Wednesday, November 13th.
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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