Credit Suisse downgraded PBF Energy (NYSE:PBF) from Outperform to Neutral in a report released today.
- Updated: October 11, 2016
Credit Suisse has downgraded PBF Energy (NYSE:PBF) from Outperform to Neutral in a report released on Tuesday October 11, 2016.
Previously on 10/10/2016, Barclays Capital released a statement about PBF Energy (NYSE:PBF) reduced the target price from $26.00 to $19.00. At the time, this indicated a possible downside of -0.12%.
Just yesterday PBF Energy (NYSE:PBF) traded -4.09% lower at $21.50. PBF Energy’s 50-day moving average is $22.34 and its 200-day moving average is $25.67. The last stock price is down -19.68% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,828,926 shares of PBF traded hands, up from an average trading volume of 2,443,810
Recent Performance Chart
PBF Energy has 52 week low of $20.18 and a 52 week high of $41.75 and has a market capitalization of $0.
In addition to Credit Suisse reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $35.85 with 5 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On PBF Energy (NYSE:PBF)
PBF Energy Inc. (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics. The Refining segment produces a range of products at each of its refineries, including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. The Logistics segment includes PBF Logistics LP (PBFX), which engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations.
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