Zacks Investment Research upgraded shares of PBF Logistics (NYSE:PBFX) from a sell rating to a hold rating in a report released on Saturday.

According to Zacks, “PBF Logistics LP engages in owning, leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. “

Several other brokerages have also recently weighed in on PBFX. ValuEngine cut PBF Logistics from a buy rating to a hold rating in a research note on Monday, April 2nd. Citigroup dropped their target price on PBF Logistics from $25.00 to $22.50 and set a buy rating for the company in a research report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $23.50.

Shares of NYSE PBFX opened at $20.20 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 3.49. PBF Logistics has a 1-year low of $17.75 and a 1-year high of $22.30. The company has a market cap of $846.40, a price-to-earnings ratio of 9.31, a P/E/G ratio of 2.43 and a beta of 1.18.

PBF Logistics (NYSE:PBFX) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.09). PBF Logistics had a return on equity of 60.45% and a net margin of 36.52%. The company had revenue of $66.51 million for the quarter, compared to the consensus estimate of $66.81 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. analysts predict that PBF Logistics will post 2.19 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Green Square Capital LLC purchased a new position in shares of PBF Logistics during the fourth quarter valued at approximately $2,334,000. Raymond James & Associates purchased a new position in shares of PBF Logistics during the fourth quarter valued at approximately $539,000. Goldman Sachs Group Inc. boosted its position in shares of PBF Logistics by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,150,472 shares of the pipeline company’s stock valued at $45,052,000 after buying an additional 62,739 shares during the period. Deutsche Bank AG boosted its position in shares of PBF Logistics by 12.7% during the fourth quarter. Deutsche Bank AG now owns 329,581 shares of the pipeline company’s stock valued at $6,904,000 after buying an additional 37,186 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of PBF Logistics by 5.9% during the fourth quarter. Renaissance Technologies LLC now owns 234,915 shares of the pipeline company’s stock valued at $4,921,000 after buying an additional 13,127 shares during the period. Institutional investors and hedge funds own 35.35% of the company’s stock.

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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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