PBF Energy Inc (NYSE:PBF) Has Just Had Its TP Raised by Stock Analysts at Credit Suisse to $47.00

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Stock Analysis:PBF Energy Inc (NYSE:PBF) Target Change

In a recent report revealed by Credit Suisse on Wednesday morning, PBF Energy Inc (NYSE:PBF) had its target PPS increased to $47.00. The firm presently has a solid “Outperform” rating on shares.

From a total of 11 analysts covering PBF Energy Inc (NYSE:PBF) stock, 8 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is $50 while the lowest target price is $34. The mean of all analyst targets is $42.64 with a 7.00% above today’s ($39.88) stock price. PBF Energy Inc was the topic of 9 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 23 to “Buy” rating. Barclays Capital upgraded PBF stock in a recent report from October 12 to “Equal-Weight” rating. Finally, Macquarie Research initiated the stock with “Outperform” rating in a report issued on a July 24.

Approximately 151,791 shares of stock traded hands. PBF Energy Inc (NYSE:PBF) has risen 39.61% since April 29, 2015 and is uptrending. It has outperformed by 39.81% the S&P500.

PBF Energy Inc. is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products. The company has a market cap of $4.10 billion. 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. It currently has negative earnings. PBF Energy’s three refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey.

According to Zacks Investment Research, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey.” Get a free copy of the Zacks research report on PBF Energy Inc (PBF).

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