While PBF Energy Inc has overperformed by 5.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PBF rose by 8.10%, with highs and lows ranging from $56.38 to $31.25, whereas the simple moving average jumped by 10.72% in the last 200 days.
On February 16, 2024, TD Cowen Reiterated PBF Energy Inc (NYSE: PBF) to Market Perform. A report published by Citigroup on January 24, 2024, Initiated its previous ‘Neutral’ rating for PBF. Mizuho also Upgraded PBF shares as ‘Buy’, setting a target price of $52 on the company’s shares in a report dated January 03, 2024. BMO Capital Markets Initiated an Outperform rating on October 05, 2023, and assigned a price target of $60. BofA Securities August 15, 2023d its ‘Buy’ rating to ‘Neutral’ for PBF, as published in its report on August 15, 2023. Mizuho’s report from May 19, 2023 suggests a price prediction of $41 for PBF shares, giving the stock a ‘Neutral’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of PBF Energy Inc (PBF)
With PBF’s current dividend of $0.90 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -15.74%, showing a negative trend in the upcoming months.
PBF Energy Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 37.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.81, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and PBF has an average volume of 2.38M. On a monthly basis, the volatility of the stock is set at 4.01%, whereas on a weekly basis, it is put at 3.99%, with a gain of 8.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.71, showing growth from the present price of $50.47, which can serve as yet another indication of whether PBF is worth investing in or should be passed over.
How Do You Analyze PBF Energy Inc Shares?
Oil & Gas Refining & Marketing giant PBF Energy Inc (PBF) is based in the USA and is one of the largest companies in the market. When comparing PBF Energy Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.07, there is a growth in quarterly earnings of -108.34%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PBF shares are owned by institutional investors to the tune of 85.06% at present.
