A number of research firms have changed their ratings and price targets for PBF Logistics (NYSE: PBFX):

  • 10/18/2017 – PBF Logistics was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/18/2017 – PBF Logistics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PBF Logistics LP engages in owning, leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. “
  • 10/17/2017 – PBF Logistics had its price target lowered by analysts at UBS AG from $28.00 to $24.00. They now have a “buy” rating on the stock.
  • 10/6/2017 – PBF Logistics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/30/2017 – PBF Logistics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PBF Logistics LP engages in owning, leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. “
  • 9/28/2017 – PBF Logistics was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/22/2017 – PBF Logistics was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/7/2017 – PBF Logistics was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/30/2017 – PBF Logistics was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

PBF Logistics LP (NYSE PBFX) traded down 0.25% on Tuesday, reaching $19.70. 59,223 shares of the company traded hands. The stock’s 50 day moving average price is $20.84 and its 200 day moving average price is $20.43. PBF Logistics LP has a one year low of $17.45 and a one year high of $22.70. The company has a market capitalization of $825.27 million, a PE ratio of 8.92 and a beta of 1.30.

PBF Logistics (NYSE:PBFX) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). The company had revenue of $62.30 million for the quarter, compared to analysts’ expectations of $58.69 million. PBF Logistics had a net margin of 39.25% and a return on equity of 62.40%. The business’s revenue was up 53.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts predict that PBF Logistics LP will post $2.22 EPS for the current fiscal year.

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.

Receive News & Ratings for PBF Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Logistics LP and related companies with MarketBeat.com's FREE daily email newsletter.