PBF Logistics LP (PBFX) Given Consensus Rating of “Hold” by Analysts

Shares of PBF Logistics LP (NYSE:PBFX) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $23.50.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered PBF Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co lowered PBF Logistics from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $25.00 to $24.00 in a research note on Tuesday, November 6th.

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in PBF Logistics by 227.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,666 shares of the pipeline company’s stock worth $94,000 after purchasing an additional 3,240 shares during the last quarter. Arlington Partners LLC bought a new stake in PBF Logistics during the fourth quarter worth about $98,000. Canton Hathaway LLC bought a new stake in PBF Logistics during the fourth quarter worth about $151,000. California Public Employees Retirement System bought a new stake in PBF Logistics during the second quarter worth about $257,000. Finally, Advisory Services Network LLC bought a new stake in PBF Logistics during the third quarter worth about $345,000. 33.23% of the stock is owned by institutional investors.

NYSE:PBFX traded down $0.01 during trading hours on Monday, hitting $21.85. 75,300 shares of the company’s stock traded hands, compared to its average volume of 87,461. The firm has a market capitalization of $991.35 million, a price-to-earnings ratio of 10.07 and a beta of 0.83. PBF Logistics has a 52 week low of $17.75 and a 52 week high of $22.70. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.35 and a current ratio of 1.35.

About PBF Logistics

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 Transportation and Terminaling, and Storage segments. The company's assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck unloading Terminal, that serves Toledo refinery; Delaware City west heavy unloading rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.

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