PBF Logistics Given Buy Rating at Citigroup Inc. (PBFX)
PBF Logistics (NASDAQ:PBFX)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Tuesday. They currently have a $29.50 price target on the stock, down from their previous price target of $31.00. Citigroup Inc.’s price target would indicate a potential upside of 17.11% from the stock’s previous close.
A number of other firms have also recently commented on PBFX. 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 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. Finally, analysts at Barclays initiated coverage on shares of PBF Logistics in a research note on Tuesday, June 3rd. They set an “overweight” rating and a $31.00 price target on the stock.
PBF Logistics (NASDAQ:PBFX) traded up 0.10% on Tuesday, hitting $24.825. 36,978 shares of the company’s stock traded hands. PBF Logistics has a one year low of $24.00 and a one year high of $29.70. The stock’s 50-day moving average is $27.02 and its 200-day moving average is $27.23. The company has a market cap of $788.8 million and a price-to-earnings ratio of 21.00.
PBF Logistics (NASDAQ:PBFX) last released its earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.17. The company had revenue of $7.70 million for the quarter, compared to the consensus estimate of $14.30 million. PBF Logistics’s revenue was up 76900.0% compared to the same quarter last year. Analysts expect that PBF Logistics will post $1.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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