Zacks Investment Research downgraded PBF Logistics LP (NYSE:PBFX) to Hold in a statement released earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded PBF Logistics LP (NYSE:PBFX) to Hold in a report released on 10/18/2016.
Previously on 9/29/2016, Zacks Investment Research reported on PBF Logistics LP (NYSE:PBFX) increased the target price from $0.00 to $22.00 that suggested an upside of 0.10%.
Just yesterday PBF Logistics LP (NYSE:PBFX) traded -0.35% lower at $19.90. PBF Logistics LP’s 50-day moving average is $20.18 and its 200-day moving average is $20.89. The last stock price is down -4.73% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 21,965 shares of PBF Logistics LP exchanged hands, down from an avg. trading volume of 76,960
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PBF Logistics LP has a 52 week low of $15.39 and a 52 week high of $23.49 with a P/E ratio of 9.74 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 analysts have released a research note on PBF Logistics LP. The 12-month price target is $25.75 with three brokerages rating the company a strong buy, one brokerage rating the company a buy, one equity analyst rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More 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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