Are PBF Energy Inc. (NYSE:PBF) shares too expensive at this price?

In the latest session, PBF Energy Inc. (NYSE: PBF) closed at $42.37 up 3.95% from its previous closing price of $40.76. In other words, the price has increased by $+1.61 from its previous closing price. On the day, 2701013 shares were traded. PBF stock price reached its highest trading level at $42.67 during the session, while it also had its lowest trading level at $40.74.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored

Ratios:

For a deeper understanding of PBF Energy Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.52. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.36.

Upgrades & Downgrades

On September 21, 2022, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $43.

Wolfe Research Upgraded its Underperform to Outperform on September 15, 2022, whereas the target price for the stock was revised from $36 to $49.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 04 when Davis Paul T sold 117,500 shares for $47.28 per share. The transaction valued at 5,555,729 led to the insider holds 44,126 shares of the business.

Barone John C sold 32,500 shares of PBF for $1,493,937 on Nov 01. The Principal Accounting Officer now owns 14,662 shares after completing the transaction at $45.97 per share. On Aug 23, another insider, O Connor Thomas L, who serves as the Senior Vice President of the company, sold 100,000 shares for $37.54 each. As a result, the insider received 3,753,540 and left with 80,000 shares of the company.

Valuation Measures:

As of this moment, PBF’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.22, and their Forward P/E ratio for the next fiscal year is 4.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 1.23.

Stock Price History:

Over the past 52 weeks, PBF has reached a high of $49.00, while it has fallen to a 52-week low of $14.75. The 50-Day Moving Average of the stock is 40.45, while the 200-Day Moving Average is calculated to be 35.23.

Shares Statistics:

For the past three months, PBF has traded an average of 3.58M shares per day and 2.03M over the past ten days. A total of 139.47M shares are outstanding, with a floating share count of 126.10M. Insiders hold about 1.10% of the company’s shares, while institutions hold 81.60% stake in the company. Shares short for PBF as of Oct 13, 2022 were 11.2M with a Short Ratio of 9.66M, compared to 10.29M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.16% and a Short% of Float of 16.48%.

Dividends & Splits

According to the company, the forward annual dividend rate for PBF is 0.80, from 0.30 in the trailing year.

Earnings Estimates

There are 13 different market analysts currently analyzing its stock. On average, analysts expect EPS of $4.22 for the current quarter, with a high estimate of $6.7 and a low estimate of $0.89, while EPS last year was $1.28. The consensus estimate for the next quarter is $1.92, with high estimates of $4.61 and low estimates of $0.67.

Analysts are recommending an EPS of between $24.65 and $13.06 for the fiscal current year, implying an average EPS of $21.53. EPS for the following year is $8.17, with 12 analysts recommending between $14.66 and $3.96.

Revenue Estimates

A total of 5 analysts believe the company’s revenue will be $9.51B this quarter.It ranges from a high estimate of $10.72B to a low estimate of $8.23B. As of the current estimate, PBF Energy Inc.’s year-ago sales were $8.24B, an estimated increase of 15.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $9.67B, an increase of 17.40% over than the figure of $15.30% in the same quarter last year. There is a high estimate of $11.07B for the next quarter, whereas the lowest estimate is $8.27B.

A total of 7 analysts have provided revenue estimates for PBF’s current fiscal year. The highest revenue estimate was $45.74B, while the lowest revenue estimate was $23.22B, resulting in an average revenue estimate of $40.6B. In the same quarter a year ago, actual revenue was $27.25B, up 49.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $35.87B in the next fiscal year. The high estimate is $43.88B and the low estimate is $30.32B. The average revenue growth estimate for next year is down -11.60% from the average revenue estimate for this year.