HomeMost PopularPBF Energy Hits Target Price Set by Analysts

PBF Energy Hits Target Price Set by Analysts

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PBF Energy Inc Surpasses Analyst Price Target: What’s Next?

In the latest market activity, shares of PBF Energy Inc (Symbol: PBF) have jumped above the average analyst 12-month target price of $30.77, trading at $31.31 per share. When stocks reach their target prices, analysts typically reconsider their positions—either by downgrading due to valuation concerns or by adjusting their targets higher. The specific analyst reaction can depend on recent company performance and market trends, prompting investors to question whether the stock price suggests ongoing potential or if it’s time to sell.

Analyzing Analyst Targets: A Spectrum of Opinions

Within the Zacks coverage universe, 13 analysts contribute to the average target for PBF Energy. This average, however, only tells part of the story. One analyst predicts a price drop to $20.00, while another anticipates a much higher target of $48.00. The standard deviation of $7.429 indicates the range of opinions among these analysts, which can reflect differing outlooks on the company’s future.

Market Signals: Time for Investors to Reassess PBF Energy?

The goal of analyzing the average target price is to benefit from a collective view—a “wisdom of crowds” approach—rather than relying solely on individual expert opinions. With PBF’s stock now exceeding the average target price of $30.77, investors are encouraged to reconsider their positions. Is this just the beginning of a climb towards even higher prices, or have valuations become too stretched? A detailed look at analysts’ ratings may provide clarity.

Recent PBF Analyst Ratings Breakdown
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 0 0 1 1
Buy ratings: 0 0 0 0
Hold ratings: 10 12 11 11
Sell ratings: 1 1 1 0
Strong sell ratings: 3 1 1 1
Average rating: 3.5 3.21 3.07 3.0

The average rating of 3.5, listed at the bottom of the table, is on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Strong Sell. This information is derived from data provided by Zacks Investment Research via Quandl.com. Investors can obtain the most recent Zacks research report on PBF—at no cost.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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