Analyst Rating Update on PBF Energy (PBF)

PBF Energy (NYSE:PBF) has an average broker rating of 2, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

PBF Energy (NYSE:PBF) : The highest level PBF Energy (NYSE:PBF) is projected to reach is $44 for the short term and the lowest estimate is at $28. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $35.3 and the possibility the share price can swing is $4.69.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on PBF Energy (NYSE:PBF). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at JP Morgan lowers the price target from $35 per share to $33 per share. The rating by the firm was issued on June 10, 2016.

PBF Energy (NYSE:PBF): stock turned positive on Tuesday. Though the stock opened at $22.88, the bulls momentum made the stock top out at $23.3811 level for the day. The stock recorded a low of $22.33 and closed the trading day at $23.29, in the green by 4.91%. The total traded volume for the day was 2,248,606. The stock had closed at $22.2 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President) of Pbf Energy Inc., Lucey Matthew C., had purchased 10,000 shares in a transaction dated on June 1, 2016. The transaction was executed at $27.5 per share with total amount equaling $275,000.

PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products. PBF owns and operates three domestic oil refineries and related assets with a combined processing capacity, known as throughput, of approximately 540,000bpd, and a weighted average Nelson Complexity Index of 11.3. PBF Energys three refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The Company operates in two business segments: Refining and Logistics. The Companys three oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and are aggregated into the Refining segment. PBFX operates logistical assets , such as crude oil and refined petroleum products terminals, pipelines, and storage facilities, which are aggregated into the Logistics segment.

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