What Do Analysts Expect from PBF Energy's 1Q16 Earnings?
Analysts’ recommendations for PBF Energy
So far in this series, we’ve examined PBF Energy’s (PBF) 1Q16 estimates, stock performance, and recent moves ahead of its earnings release on April 28, 2016. In this article, we’ll examine the recommendations of analysts covering the stock.
The above table shows that six of the ten firms surveyed have given PBF ratings of “buy,” “overweight,” or “outperform.” The highest 12-month target price for PBF is $44 per share, indicating a 34% gain from the stock’s current price. The remaining four firms have rated PBF a “hold.” The average 12-month target price for PBF is $37 per share, indicating a 13% gain from the stock’s current price. None of the firms have given PBF a “sell” rating. The lowest 12-month target price for PBF stands at $28 per share, implying a 15% loss from the stock’s current price.
The highest target price for PBF Energy came from Wolfe Research, and the lowest target price came from Piper Jaffray. J.P. Morgan and Macquarie have given PBF target prices equal to or above $40 per share. Firms like Barclays, RBC Capital Markets, and Raymond James have given PBF ratings of “equal-weight,” “sector perform,” and “market perform,” respectively.
Analysts’ ratings of PBF’s peers
PBF’s peers Alon USA Energy (ALJ), CVR Refining (CVRR), and Delek US Holdings (DK) have received “buy” ratings from 9%, 14%, and 67% of analysts, respectively.
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