PBF Energy Inc (PBF) stock: 12-month forecast projects 39.44% potential return%

PBF Energy Inc [PBF] stock prices are down -0.96% to $33.06 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 gain 1.04% over the last week, with a monthly amount drifted -6.66%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, TD Cowen reaffirmed its Hold rating on May 03, 2024, and dropped its price target to $45. On March 22, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $58 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $74 on March 15, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $41 on February 16, 2024. In a note dated January 03, 2024, Mizuho upgraded an Buy rating on this stock but restated the target price of $52.

The stock price of PBF Energy Inc [PBF] has been fluctuating between $32.17 and $62.88 over the past year. Currently, Wall Street analysts expect the stock to reach $46.1 within the next 12 months. PBF Energy Inc [NYSE: PBF] shares were valued at $33.06 at the most recent close of the market. An investor can expect a potential return of 39.44% based on the average PBF price forecast.

Analyzing the PBF fundamentals

The PBF Energy Inc [NYSE:PBF] reported sales of 37.25B for trailing twelve months, representing a drop of -4.60%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.

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 32.72 points at the first support level, and at 32.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.67, and for the 2nd resistance point, it is at 34.27.

Ratios To Look Out For

It’s worth pointing out that PBF Energy Inc [NYSE:PBF]’s Current Ratio is 1.42. In addition, the Quick Ratio stands at 0.75 and the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 0.62 and price to earnings (TTM) ratio is 5.50.

Transactions by insiders

Recent insider trading involved Control Empresarial de Capital, Add’l Rep. Persons-see Ex.99-1, that happened on Aug 27 ’24 when 0.17 million shares were purchased. Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital completed a deal on Aug 26 ’24 to buy 92000.0 shares. Meanwhile, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 73000.0 shares on Aug 07 ’24.

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