PBF Energy (PBF) : Analyst Rating Update

PBF Energy (PBF) : The consensus on PBF Energy (PBF) based on 12 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

PBF Energy (PBF) : The consensus price target for PBF Energy (PBF) is $35.3 for the short term with a standard deviation of $4.69. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $44, however, the pessimist price target for the company is $28.

PBF Energy (NYSE:PBF): The stock opened at $23.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.23 for the day. The stock traded down to $22.15 during the day, due to lack of any buying support eventually closed down at $22.57 with a loss of -3.38% for the day. The stock had closed at $23.36 on the previous day. The total traded volume was 3,508,014 shares.

Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on PBF Energy (NYSE:PBF). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Goldman Sachs lowers the price target from $37 per share to $26 per share. The rating by the firm was issued on June 29, 2016. The company shares have dropped -22.00% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $41.75 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $25.49 and the 200 Day Moving Average price is recorded at $30.59.

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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