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PBF Energy (PBF) Stock Forecast & Price Target

$41.20
+0.48 (+1.18%)
(As of 09:08 AM ET)

PBF Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$53.91
30.85% Upside
High Forecast$74.00
Average Forecast$53.91
Low Forecast$45.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$53.91$56.18$57.55$46.70
Forecasted Upside30.85% Upside12.22% Upside9.54% Upside16.37% Upside
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PBF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PBF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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PBF Energy Stock vs. The Competition

TypePBF EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.33
2.57
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside32.39% Upside303.34% Upside9.19% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$56.00 ➝ $45.00+10.51%
7/2/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$58.00 ➝ $53.00+11.91%
7/1/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$57.00 ➝ $50.00+7.32%
6/20/2024Mizuho
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N. Kumar
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Lower TargetNeutral ➝ Neutral$58.00 ➝ $54.00+23.18%
6/14/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$54.00 ➝ $47.00+5.17%
6/6/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$67.00 ➝ $66.00+39.04%
5/3/2024TD Cowen
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 Lower TargetHold$54.00 ➝ $45.00-14.45%
3/15/2024Bank of America
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 UpgradeNeutral ➝ Buy$52.00 ➝ $74.00+35.31%
1/24/2024Citigroup
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 Initiated CoverageNeutral
12/7/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$53.00 ➝ $49.00+19.48%
10/5/2023BMO Capital Markets
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 Initiated CoverageOutperform$60.00+31.43%
7/19/2023Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$50.00+20.37%
11/1/2022Cowen
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 Boost Target$35.00-24.83%
9/14/2022Wolfe Research
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 UpgradeUnderperform ➝ Outperform$36.00 ➝ $49.00+61.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:39 AM ET.

PBF Forecast - Frequently Asked Questions

What is PBF Energy's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for PBF Energy is $53.91, with a high forecast of $74.00 and a low forecast of $45.00.

Should I buy or sell PBF Energy stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PBF Energy in the last twelve months. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PBF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PBF, but not buy additional shares or sell existing shares.

Does PBF Energy's stock price have much upside?

According to analysts, PBF Energy's stock has a predicted upside of 17.16% based on their 12-month stock forecasts.

What analysts cover PBF Energy?

PBF Energy has been rated by research analysts at JPMorgan Chase & Co., Mizuho, Piper Sandler, Scotiabank, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like PBF Energy more than its competitors?

Analysts like PBF Energy less than other "oils/energy" companies. The consensus rating for PBF Energy is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how PBF compares to other companies.


This page (NYSE:PBF) was last updated on 7/15/2024 by MarketBeat.com Staff

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