PBF Energy Receives Consensus Rating of “Hold” from Analysts (NYSE:PBF)
Shares of PBF Energy (NYSE:PBF) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Analyst RN reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.40.
PBF Energy (NYSE:PBF) opened at 28.41 on Tuesday. PBF Energy has a 1-year low of $20.59 and a 1-year high of $32.48. The stock’s 50-day moving average is $26.81 and its 200-day moving average is $27.91. The company has a market cap of $2.493 billion and a P/E ratio of 13.36.
PBF Energy (NYSE:PBF) last released its earnings data on Friday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.32. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that PBF Energy will post $2.65 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PBF shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of PBF Energy in a research note on Monday, August 4th. They now have a $29.00 price target on the stock, down previously from $34.00. Separately, analysts at Bank of America downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, analysts at Barclays initiated coverage on shares of PBF Energy in a research note on Wednesday, July 16th. They set an “equal weight” rating and a $30.00 price target on the stock.
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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