PBF Energy Inc (PBF) Given Average Recommendation of “Hold” by Brokerages

Shares of PBF Energy Inc (NYSE:PBF) have received a consensus recommendation of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.63.

PBF has been the subject of several research reports. Cowen reiterated a “buy” rating and issued a $30.00 price target on shares of PBF Energy in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price target on shares of PBF Energy in a research report on Wednesday, October 18th. Macquarie reiterated a “neutral” rating on shares of PBF Energy in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of PBF Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Scotiabank reiterated a “buy” rating on shares of PBF Energy in a research report on Friday, November 3rd.

PBF Energy (NYSE:PBF) traded up $0.16 during mid-day trading on Tuesday, reaching $29.82. 1,403,130 shares of the company traded hands, compared to its average volume of 2,116,194. PBF Energy has a 1 year low of $18.48 and a 1 year high of $37.01. The stock has a market cap of $3,214.15, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. acquired a new position in PBF Energy in the 4th quarter valued at $301,000. AXA acquired a new position in PBF Energy in the 4th quarter valued at $585,000. Geode Capital Management LLC increased its stake in PBF Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 922,780 shares of the oil and gas company’s stock valued at $32,711,000 after buying an additional 14,283 shares during the period. Globeflex Capital L P acquired a new position in PBF Energy in the 4th quarter valued at $1,050,000. Finally, Credit Agricole S A increased its stake in PBF Energy by 18.1% in the 4th quarter. Credit Agricole S A now owns 32,000 shares of the oil and gas company’s stock valued at $1,134,000 after buying an additional 4,914 shares during the period.

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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)

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