PBF Energy (PBF) Stock Forecast & Price Target

$33.70

+0.08 (+0.24%)

(As of 10/18/2024 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

Reduce

Based on 15 Analyst Ratings

Sell
4

Hold
10

Buy
1

Based on 15 Wall Street analysts who have issued ratings for PBF Energy in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 15 analysts, 4 have given a sell rating, 10 have given a hold rating, and 1 has given a buy rating for PBF.

Consensus Price Target

$36.09
7.09% Upside

According to the 15 analysts' twelve-month price targets for PBF Energy, the average price target is $36.09. The highest price target for PBF is $45.00, while the lowest price target for PBF is $25.00. The average price target represents a forecasted upside of 7.09% from the current price of $33.70.

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PBF Analyst Ratings Over Time

Type	Current Forecast 10/20/23 to 10/19/24	1 Month Ago 9/20/23 to 9/19/24	3 Months Ago 7/22/23 to 7/21/24	1 Year Ago 10/20/22 to 10/20/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	4 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$36.09	$49.91	$54.30	$55.40
Forecasted Upside	7.09% Upside	47.31% Upside	40.13% Upside	14.82% Upside
Consensus Rating	Reduce	Hold	Hold	Hold

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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.

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.

PBF Energy Stock vs. The Competition

Type	PBF Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	1.80	2.62	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	7.09% Upside	37.91% Upside	6.16% Upside
News Sentiment Rating	Positive News See Recent PBF News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/17/2024	Bank of America 4 of 5 stars		Initiated Coverage	Underperform	$25.00	-22.84%
10/10/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$45.00 ➝ $31.00	-6.34%
10/9/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$51.00 ➝ $39.00	+21.23%
10/9/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$42.00 ➝ $36.00	+13.46%
10/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$45.00 ➝ $39.00	+16.42%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Jungwirth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$42.00 ➝ $35.00	+3.86%
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10/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$53.00 ➝ $40.00	+27.55%
9/20/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Todd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underweight	$47.00 ➝ $25.00	-26.21%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$48.00 ➝ $38.00	+17.68%
9/9/2024	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
9/9/2024	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
8/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$57.00 ➝ $44.00	+19.63%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
5/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$54.00 ➝ $45.00	-14.45%
1/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
11/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$35.00	-24.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:29 PM ET.

PBF Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for PBF Energy is $36.09, with a high forecast of $45.00 and a low forecast of $25.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PBF Energy in the last year. There are currently 4 sell ratings, 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" PBF shares.
: According to analysts, PBF Energy's stock has a predicted upside of 7.09% based on their 12-month stock forecasts.
: Over the previous 90 days, PBF Energy's stock had 4 downgrades and 1 upgrade by analysts.
: PBF Energy has been rated by research analysts at Bank of America, BMO Capital Markets, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, The Goldman Sachs Group, Tudor Pickering, Tudor, Pickering, Holt & Co., UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like PBF Energy less than other "oils/energy" companies. The consensus rating for PBF Energy is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how PBF compares to other companies.