why PBF Energy Inc [PBF] is a Good Choice for Investors After New Price Target of $19.23

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PBF Energy Inc [NYSE: PBF] closed the trading session at $16.66.

The stocks have a year to date performance of -37.25 percent and weekly performance of 3.74 percent. The stock has been moved at -47.28 percent over the last six months. The stock has performed -13.50 percent around the most recent 30 days and changed -44.71 percent over the most recent 3-months.

If compared to the average trading volume of 3.18M shares, PBF reached to a volume of 5192632 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about PBF Energy Inc [PBF]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBF shares is $19.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBF stock is a recommendation set at 3.31. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

TD Cowen have made an estimate for PBF Energy Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 11, 2025. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $27 to $20. The new note on the price target was released on December 20, 2024, representing the official price target for PBF Energy Inc stock. Previously, the target price had yet another drop from $33 to $31, while Mizuho kept a Underperform rating on PBF stock. On December 09, 2024, analysts decreased their price target for PBF shares from 39 to 34.

The Average True Range (ATR) for PBF Energy Inc is set at 1.12, with the Price to Sales ratio for PBF stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.35, with the Price to Cash per share for the same quarter was set at 4.64.

PBF stock trade performance evaluation

PBF Energy Inc [PBF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.74. With this latest performance, PBF shares dropped by -13.50% in over the last four-week period, additionally sinking by -47.28% over the last 6 months – not to mention a drop of -71.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBF stock in for the last two-week period is set at 46.36, with the RSI for the last a single of trading hit 51.75, and the three-weeks RSI is set at 43.12 for PBF Energy Inc [PBF]. The present Moving Average for the last 50 days of trading for this stock 18.80, while it was recorded at 16.89 for the last single week of trading, and 28.46 for the last 200 days.

PBF Energy Inc [PBF]: An insightful look at the core fundamentals

PBF Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 1.25.

PBF Energy Inc [PBF]: Institutional Ownership

There are presently around $76.59%, or 106.96%% of PBF stock, in the hands of institutional investors. The top three institutional holders of PBF stocks are: BLACKROCK INC. with ownership of 14.7 million shares, which is approximately 12.5569%. VANGUARD GROUP INC, holding 11.3 million shares of the stock with an approximate value of $$519.82 million in PBF stocks shares; and VANGUARD GROUP INC, currently with $$326.33 million in PBF stock with ownership which is approximately 5.916%.