PBF Logistics LP (NYSE:PBFX) stock price target increased to $22.00, issued a research note today by Zacks Investment Research
- Updated: October 1, 2016
In a report released on Thursday September 29, 2016 Zacks Investment Research increased the stock price target of PBF Logistics LP (NYSE:PBFX) to $22.00 stating a potential upside of 0.10%.
Boasting a price of $19.97, PBF Logistics LP (NYSE:PBFX) traded -1.64% lower on the day. With the last stock price close down -4.82% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. PBF Logistics LP has recorded a 50-day average of $20.27 and a two hundred day average of $20.82. Volume of trade was down over the average, with 36,296 shares of PBFX changing hands under the typical 75,848
With a total market value of $0, PBF Logistics LP has price-earnings ratio of 9.70 with a one year low of $15.39 and a one year high of $23.49 .
A total of 4 equity analysts have released a ratings update on PBFX. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $25.75.
Brief Synopsis About PBF Logistics LP (NYSE:PBFX)
PBF Logistics LP is engaged in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. The Company operates through two segments: Transportation and Terminaling segment, and storage segment. The Company focuses on owning or leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. It receives, handles and transfers crude oil from sources located across the United States and Canada, and stores crude oil, refined products and intermediates for PBF Energy Inc. (PBF Energy) in support of its three refineries located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. Its assets consist of the DCR Rail Terminal, the Toledo Truck Terminal, the DCR West Rack, the Toledo Storage Facility and the Delaware City Products Pipeline and Truck Rack (collectively referred to as the Contributed Assets).
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