What is the stock price trajectory of PBF Energy Inc (PBF)?

PBF Energy Inc [PBF] stock prices are down -1.67% to $57.62 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PBF shares have lost -2.07% over the last week, with a monthly amount glided 1.71%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

PBF Energy Inc [NYSE: PBF] stock has seen the most recent analyst activity on March 22, 2024, when Mizuho downgraded its rating to a Neutral and also boosted its price target to $58 from $53. Previously, BofA Securities upgraded its rating to Buy on March 15, 2024, and elevated its price target to $74. On February 16, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $41 on the stock. Citigroup started tracking the stock assigning a Neutral rating. Mizuho upgraded its rating to a Buy but $52 remained the price target by the analyst firm on January 03, 2024. BMO Capital Markets started tracking with a Outperform rating for this stock on October 05, 2023, and assigned it a price target of $60. In a note dated August 15, 2023, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $46 to $56.

The stock price of PBF Energy Inc [PBF] has been fluctuating between $31.25 and $62.88 over the past year. Currently, Wall Street analysts expect the stock to reach $48.22 within the next 12 months. PBF Energy Inc [NYSE: PBF] shares were valued at $57.62 at the most recent close of the market. An investor can expect a potential drop of -16.31% based on the average PBF price forecast.

Analyzing the PBF fundamentals

The PBF Energy Inc [NYSE:PBF] reported sales of 38.32B for trailing twelve months, representing a drop of -15.74%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.35 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 56.83 points at the first support level, and at 56.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.58, and for the 2nd resistance point, it is at 59.53.

Ratios To Look Out For

It’s worth pointing out that PBF Energy Inc [NYSE:PBF]’s Current Ratio is 1.56. In addition, the Quick Ratio stands at 0.81 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.07 and price to earnings (TTM) ratio is 3.50.

Transactions by insiders

Recent insider trading involved Davis Paul T, Senior Vice President, that happened on Mar 25 ’24 when 100000.0 shares were sold. Senior Vice President, O Connor Thomas L completed a deal on Mar 25 ’24 to sell 10000.0 shares. Meanwhile, Senior Vice President O Connor Thomas L sold 40000.0 shares on Mar 19 ’24.

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