PBF Energy Inc. (NYSE:PBF)‘s stock had its “buy” rating restated by Scotiabank in a research report issued on Friday.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Saturday. Macquarie reissued a “neutral” rating on shares of PBF Energy in a research note on Monday, October 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of PBF Energy in a research note on Wednesday, October 18th. Cowen and Company reaffirmed a “buy” rating and set a $30.00 price target on shares of PBF Energy in a research note on Tuesday, October 17th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $26.00 price target (up from $24.00) on shares of PBF Energy in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.22.

PBF Energy (NYSE PBF) opened at $30.83 on Friday. The company has a market capitalization of $3.37 billion, a P/E ratio of 65.38, a price-to-earnings-growth ratio of 2.45 and a beta of 1.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.42 and a current ratio of 1.32.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.39%. The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the company posted ($0.16) EPS. The business’s revenue was up 21.4% on a year-over-year basis. analysts anticipate that PBF Energy will post 1.26 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Scotiabank Reaffirms “Buy” Rating for PBF Energy Inc. (PBF)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/04/scotiabank-reaffirms-buy-rating-for-pbf-energy-inc-pbf.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of PBF Energy by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after acquiring an additional 953,577 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PBF Energy by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 10,203,227 shares of the oil and gas company’s stock worth $226,206,000 after acquiring an additional 141,619 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PBF Energy by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock worth $205,480,000 after acquiring an additional 635,728 shares in the last quarter. BlackRock Inc. raised its stake in shares of PBF Energy by 94.0% during the 2nd quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock worth $202,832,000 after acquiring an additional 4,415,117 shares in the last quarter. Finally, State Street Corp raised its stake in shares of PBF Energy by 48.0% during the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after acquiring an additional 1,611,707 shares in the last quarter.

PBF Energy Company Profile

PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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