Alert: Major Price Advance (4/1/21)-PBF Energy Inc (NYSE: PBF).

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On 4/1/21, PBF Energy Inc (NYSE: PBF) stock enjoyed a major increase of 10.2%, closing at $15.59. However, exceptionally low trading volume at 45% of normal accompanied the advance. The stock has risen 16.0% during the last week and has been strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, PBF is expected to continue to be an important Value Eraser.

PBF Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. PBF Energy has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 57, leading to the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 92875 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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