PBF Logistics LP (NYSE:PBFX) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded PBF Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $24.00 price objective on PBF Logistics and gave the stock a “hold” rating in a report on Saturday, August 5th. ValuEngine upgraded PBF Logistics from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, TheStreet upgraded PBF Logistics from a “d” rating to a “c” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $24.00.

Shares of PBF Logistics (NYSE:PBFX) traded down 0.0060% during mid-day trading on Wednesday, reaching $21.7987. The company’s stock had a trading volume of 2,228 shares. PBF Logistics has a 52-week low of $17.45 and a 52-week high of $22.70. The company has a market cap of $913.19 million, a PE ratio of 9.8681 and a beta of 1.34. The company has a 50-day moving average price of $20.50 and a 200 day moving average price of $20.47.

PBF Logistics (NYSE:PBFX) last released its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.09. The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $58.69 million. PBF Logistics had a return on equity of 62.40% and a net margin of 39.25%. The company’s quarterly revenue was up 53.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities analysts expect that PBF Logistics will post $2.32 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in PBFX. NBW Capital LLC boosted its stake in shares of PBF Logistics by 2.8% in the second quarter. NBW Capital LLC now owns 403,291 shares of the pipeline company’s stock worth $7,864,000 after buying an additional 11,006 shares during the period. GSA Capital Partners LLP boosted its stake in shares of PBF Logistics by 9.1% in the second quarter. GSA Capital Partners LLP now owns 13,314 shares of the pipeline company’s stock worth $260,000 after buying an additional 1,114 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of PBF Logistics by 11.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 24,900 shares of the pipeline company’s stock worth $486,000 after buying an additional 2,600 shares during the period. Wells Fargo & Company MN boosted its stake in shares of PBF Logistics by 18.5% in the second quarter. Wells Fargo & Company MN now owns 82,210 shares of the pipeline company’s stock worth $1,603,000 after buying an additional 12,852 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of PBF Logistics by 3,128.1% in the second quarter. JPMorgan Chase & Co. now owns 45,322 shares of the pipeline company’s stock worth $884,000 after buying an additional 43,918 shares during the period. 42.48% of the stock is owned by hedge funds and other institutional investors.

PBF Logistics Company Profile

PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline.

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