PBF Logistics Reaches New 1-Year Low at $25.27 (PBFX)
PBF Logistics (NASDAQ:PBFX)’s share price reached a new 52-week low on Thursday , Stock Ratings News reports. The stock traded as low as $25.27 and last traded at $25.53, with a volume of 52,029 shares trading hands. The stock had previously closed at $26.53.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of PBF Logistics in a research note on Wednesday, June 4th. They set a “market perform” rating and a $29.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of PBF Logistics in a research note on Tuesday, June 3rd. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of PBF Logistics in a research note on Tuesday, June 3rd. They set an “outperform” rating and a $32.00 price target on the stock.
The stock’s 50-day moving average is $27. and its 200-day moving average is $27.33. The company has a market cap of $816.9 million and a P/E ratio of 22.46.
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.
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