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ValuEngine upgraded PBF Logistics LP (NYSE:PBFX) to Buy in a report released today.

ValuEngine has upgraded PBF Logistics LP (NYSE:PBFX) to Buy in a report released on 7/6/2017.

Just yesterday PBF Logistics LP (NYSE:PBFX) traded 1.51% higher at $19.35. PBF Logistics LP’s 50-day moving average is $20.05 and its 200-day moving average is $20.38. The last closing price is down 5.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 480,807 shares of PBFX traded hands, up from an average trading volume of 122,217

Recent Performance Chart

PBF Logistics LP (NYSE:PBFX)

PBF Logistics LP has 52 week low of $17.45 and a 52 week high of $22.70 with a PE ratio of 9.73 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $25.75 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On PBF Logistics LP (NYSE:PBFX)

PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline. The Storage Segment includes the Toledo Storage Facility, excluding the propane truck loading facility. The storage facility at its Toledo Storage Facility consisted of 30 tanks for storing crude oil, refined products and intermediates, as of December 31, 2016. PBF Logistics GP LLC (PBF GP) is its general partner. PBF GP is owned by PBF Energy Company LLC (PBF LLC).

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