PBF Energy (NYSE:PBF) has been closely monitored by analysts in the past quarter. Within this time frame, a total of 7 analysts have provided their ratings on the company. These ratings can be categorized into five groups: bullish, somewhat bullish, indifferent, somewhat bearish, and bearish.
In the last month, there were no bullish ratings, one somewhat bullish rating, six indifferent ratings, and no bearish ratings. Looking back to 1 month ago, there were no bullish ratings, one somewhat bullish rating, two indifferent ratings, and no bearish ratings. 2 months ago, there were no bullish ratings, no somewhat bullish ratings, two indifferent ratings, and no bearish ratings. Lastly, 3 months ago, there were no bullish ratings, no somewhat bullish ratings, one indifferent rating, and no bearish ratings.
Seven analysts have provided their 12-month price targets for PBF Energy. The average price target stands at $56.43, with a high of $64.00 and a low of $50.00. This suggests that the analysts are cautiously optimistic about the company’s future performance.
It is worth noting that over the past month, the average price target has increased by 12.48%. This indicates a growing confidence among analysts in PBF Energy’s potential.
These analyst ratings and price targets are determined through a rigorous process. Analysts research company financial statements, attend conference calls and meetings, and communicate with insiders. They use this information to predict a company’s future earnings and assess the riskiness of its revenue streams.
While analyst ratings can provide valuable insights, it’s important for investors to remember that these ratings are based on human analysis and can be subject to error. Therefore, it is always recommended to conduct thorough research and analysis before making investment decisions.
Source: Benzinga