Analysts Set PBF Logistics LP (NYSE:PBFX) PT at $12.13

Shares of PBF Logistics LP (NYSE:PBFX) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.13.

Several equities research analysts have recently commented on the company. Credit Suisse Group boosted their price objective on PBF Logistics from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Friday, May 22nd. Zacks Investment Research upgraded shares of PBF Logistics from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, July 24th. ValuEngine raised shares of PBF Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Finally, Wells Fargo & Co boosted their target price on shares of PBF Logistics from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd.

PBFX opened at $9.48 on Tuesday. The company has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $12.18. PBF Logistics has a 1-year low of $3.06 and a 1-year high of $22.00. The company has a market cap of $591.06 million, a P/E ratio of 4.29 and a beta of 1.75. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 8.32.

PBF Logistics (NYSE:PBFX) last issued its earnings results on Friday, July 31st. The pipeline company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The company had revenue of $89.13 million during the quarter, compared to the consensus estimate of $90.40 million. PBF Logistics had a return on equity of 113.76% and a net margin of 33.22%. On average, research analysts forecast that PBF Logistics will post 2.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in PBF Logistics by 6.3% during the 1st quarter. Deutsche Bank AG now owns 56,598 shares of the pipeline company’s stock worth $383,000 after acquiring an additional 3,339 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of PBF Logistics by 206.8% in the fourth quarter. Advisor Group Inc. now owns 5,283 shares of the pipeline company’s stock valued at $107,000 after purchasing an additional 3,561 shares during the last quarter. Arlington Partners LLC lifted its position in shares of PBF Logistics by 73.1% during the first quarter. Arlington Partners LLC now owns 8,471 shares of the pipeline company’s stock valued at $57,000 after purchasing an additional 3,578 shares in the last quarter. Raymond James & Associates boosted its holdings in PBF Logistics by 9.5% during the fourth quarter. Raymond James & Associates now owns 41,757 shares of the pipeline company’s stock worth $846,000 after purchasing an additional 3,636 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in PBF Logistics in the 4th quarter worth about $25,312,000. 28.25% of the stock is owned by institutional investors and hedge funds.

PBF Logistics Company Profile

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through two segments, Transportation and Terminaling; and Storage. The company's assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.

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