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Fintel reports that on September 20, 2024, Piper Sandler downgraded their outlook for PBF Energy (LSE:0KE0) from Neutral to Underweight.
Analyst Price Forecast Suggests 38.48% Upside
As of August 26, 2024, the average one-year price target for PBF Energy is 46.36 GBX/share. The forecasts range from a low of 35.31 GBX to a high of 54.54 GBX. The average price target represents an increase of 38.48% from its latest reported closing price of 33.47 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PBF Energy is 35,815MM, a decrease of 3.86%. The projected annual non-GAAP EPS is 7.46.
What is the Fund Sentiment?
There are 846 funds or institutions reporting positions in PBF Energy. This is an decrease of 10 owner(s) or 1.17% in the last quarter. Average portfolio weight of all funds dedicated to 0KE0 is 0.27%, an increase of 11.56%. Total shares owned by institutions decreased in the last three months by 3.74% to 107,235K shares.
What are Other Shareholders Doing?
IJH – iShares Core S&P Mid-Cap ETF holds 3,282K shares representing 2.80% ownership of the company. In its prior filing, the firm reported owning 3,386K shares , representing a decrease of 3.16%. The firm decreased its portfolio allocation in 0KE0 by 20.68% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,209K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 3,202K shares , representing an increase of 0.20%. The firm decreased its portfolio allocation in 0KE0 by 22.11% over the last quarter.
IWM – iShares Russell 2000 ETF holds 2,583K shares representing 2.21% ownership of the company. In its prior filing, the firm reported owning 2,700K shares , representing a decrease of 4.50%. The firm decreased its portfolio allocation in 0KE0 by 16.54% over the last quarter.
Bank of New York Mellon holds 2,539K shares representing 2.17% ownership of the company. In its prior filing, the firm reported owning 2,888K shares , representing a decrease of 13.76%. The firm decreased its portfolio allocation in 0KE0 by 92.39% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 2,535K shares representing 2.16% ownership of the company. In its prior filing, the firm reported owning 2,594K shares , representing a decrease of 2.31%. The firm decreased its portfolio allocation in 0KE0 by 18.04% over the last quarter.
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This story originally appeared on Fintel.
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