Mizuho Securities Sticks to Their Sell Rating for PBF Energy (PBF)

In a report released today, Nitin Kumar CFA from Mizuho Securities maintained a Sell rating on PBF Energy, with a price target of $26.00. The company’s shares closed yesterday at $29.78.

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Kumar CFA covers the Energy sector, focusing on stocks such as CVR Energy, Delek US Holdings, and HF Sinclair Corporation. According to TipRanks, Kumar CFA has an average return of 3.7% and a 58.33% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for PBF Energy with a $25.68 average price target, which is a -13.77% downside from current levels. In a report released on October 7, Morgan Stanley also maintained a Sell rating on the stock with a $27.00 price target.

The company has a one-year high of $34.29 and a one-year low of $13.62. Currently, PBF Energy has an average volume of 3.61M.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBF in relation to earlier this year. Last month, Thomas Connor, the SVP of PBF sold 60,000.00 shares for a total of $2,040,000.00.