While PBF Energy Inc has underperformed by -2.42%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PBF rose by 45.25%, with highs and lows ranging from $62.88 to $31.25, whereas the simple moving average jumped by 23.93% in the last 200 days.
On March 22, 2024, Mizuho Downgraded PBF Energy Inc (NYSE: PBF) to Neutral. A report published by BofA Securities on March 15, 2024, Upgraded its rating to ‘Buy’ for PBF. TD Cowen also reiterated PBF shares as ‘Market Perform’, quoting a target price of $41 on the company’s shares in a report dated February 16, 2024. Mizuho January 03, 2024d its ‘Neutral’ rating to ‘Buy’ for PBF, as published in its report on January 03, 2024. BMO Capital Markets’s report from October 05, 2023 suggests a price prediction of $60 for PBF shares, giving the stock a ‘Outperform’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of PBF Energy Inc (PBF)
The current dividend for PBF investors is set at $0.90 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -15.74%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of PBF Energy Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and PBF is recording an average volume of 2.29M. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 3.41%, with a loss of -1.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $55.00, showing decline from the present price of $58.84, 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?
PBF Energy Inc (PBF) is based in the USA and is one of the most prominent companies operating in the Oil & Gas Refining & Marketing 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 3.58, there is a growth in quarterly earnings of -108.34%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 13.82%. 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 85.10% 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 85.10% at present.
