While PBF Energy Inc has overperformed by 0.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PBF fell by -31.46%, with highs and lows ranging from $62.88 to $30.17, whereas the simple moving average fell by -25.59% in the last 200 days.
On October 17, 2024, BofA Securities started tracking PBF Energy Inc (NYSE: PBF) recommending Underperform. A report published by BMO Capital Markets on October 04, 2024, Downgraded its rating to ‘Market Perform’ for PBF. JP Morgan also Downgraded PBF shares as ‘Neutral’, setting a target price of $40 on the company’s shares in a report dated October 02, 2024. Piper Sandler September 20, 2024d the rating to Underweight on September 20, 2024, and set its price target from $47 to $25. Tudor Pickering Holt & Co. September 09, 2024d its ‘Hold’ rating to ‘Sell’ for PBF, as published in its report on September 09, 2024. TD Cowen also rated the stock as ‘Hold’.
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Analysis of PBF Energy Inc (PBF)
Investors in PBF Energy Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.00 per share. Further, the quarter-over-quarter decrease in sales is -4.60%, showing a negative trend in the upcoming months.
One of the most important indicators of PBF Energy Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 12.66% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.75, 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.
For any stock, average volume can also provide valuable insight into volatility, and PBF is recording 2.39M average volume. On a monthly basis, the volatility of the stock is set at 4.04%, whereas on a weekly basis, it is put at 3.33%, with a gain of 5.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.46, showing growth from the present price of $33.07, 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?
The Oil & Gas Refining & Marketing market is dominated by PBF Energy Inc (PBF) based in the USA. 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 5.51, there is a growth in quarterly earnings of -107.08%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 22.63%. 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 80.54% 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 80.54% at present.
