PBF Energy (PBF) Stock Rating Lowered by Morgan Stanley
PBF Energy (NYSE:PBF) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $37.00 target price on the oil and gas company’s stock. Morgan Stanley’s price target would suggest a potential upside of 5.35% from the company’s current price.
A number of other analysts have also commented on the company. Scotiabank reaffirmed a “buy” rating and issued a $41.00 target price on shares of PBF Energy in a research report on Wednesday, January 10th. Zacks Investment Research lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. lowered PBF Energy from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Goldman Sachs Group lowered PBF Energy from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 28th. Finally, Barclays raised PBF Energy from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $28.00 to $39.00 in a research report on Tuesday, November 14th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.00.
PBF Energy (NYSE PBF) traded up $0.21 during mid-day trading on Thursday, hitting $35.12. The stock had a trading volume of 1,716,300 shares, compared to its average volume of 2,137,767. PBF Energy has a 1 year low of $18.48 and a 1 year high of $37.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The company has a market cap of $3,864.46, a price-to-earnings ratio of 16.80, a PEG ratio of 1.15 and a beta of 1.45.
PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company posted ($0.16) EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. equities analysts forecast that PBF Energy will post 1.61 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. boosted its stake in PBF Energy by 1.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock valued at $380,000 after purchasing an additional 177 shares during the last quarter. Utah Retirement Systems boosted its stake in PBF Energy by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock valued at $447,000 after purchasing an additional 200 shares during the last quarter. M&T Bank Corp boosted its stake in PBF Energy by 2.8% during the 2nd quarter. M&T Bank Corp now owns 18,483 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 496 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in PBF Energy by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 221,587 shares of the oil and gas company’s stock valued at $4,933,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in PBF Energy by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 471,124 shares of the oil and gas company’s stock valued at $13,007,000 after purchasing an additional 2,107 shares during the last quarter.
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About PBF Energy
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.
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