TD Cowen Upgrades PBF Energy to 'Hold' with $39 Price Target
TD Cowen analyst Jason Gabelman raised PBF Energy's rating to 'hold' with a $39 target, a 14.32% downside from the current price.
Key Points
- TD Cowen analyst Jason Gabelman upgraded PBF Energy to 'hold' with a $39 price target on June 29, 2026.
- TD Cowen's $39 price target implies 14.32% downside from PBF Energy Inc.'s ($PBF) current $45.52 share price.
- PBF Energy trades on the NYSE with a market cap of $5.10 billion and a P/E ratio of 11.37.
- Insider sales included 100,000 shares sold on June 5, 2026, by Control Empresarial de Capitales S.A. de C.V.
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TD Cowen analyst Jason Gabelman upgraded PBF Energy Inc. (NYSE:PBF) to a 'hold' rating on June 29, 2026, setting a price target of $39. The change reflects a more optimistic view of the company's prospects, although the target is below the recent trading price of around $43.11 on Monday.
TD Cowen vs. the S&P 500
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PBF Energy Inc. Stock Down 36.1%
Shares of PBF Energy traded near $43.11 on Monday. The company has a market cap of approximately $5.10 billion, with a P/E ratio of 11.37 and a forward P/E of 7.63. PBF Energy's stock has a 52-week low of $21.24 and a high of $52.18. The 50-day moving average stands at $41.19, while the 200-day moving average is $36.40. The company's current ratio is 1.31, and its quick ratio is 0.56, with a debt-to-equity ratio of 63.72.
$PBF price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
PBF Energy reported a revenue of $30.17 billion, with a revenue growth of 11.9%. The company achieved an earnings per share (EPS) of $3.79, a net margin of 1.46%, and a return on equity (ROE) of 8.18%. The next earnings report is expected on July 30, 2026.
Insider Buying and Selling at PBF Energy Inc.
Recent insider activity at PBF Energy includes several sales by Control Empresarial de Capitales S.A. de C.V. The entity sold 100,000 shares at an average price of $43.17 on June 5, 2026. Earlier sales included 220,000 shares on June 3 at $43.58 and 31,000 shares on June 2 at $43.56.
Analysts Set New Price Targets
On June 29, 2026, TD Cowen upgraded PBF Energy to a 'hold' rating, setting a price target of $39. Previously, Morgan Stanley maintained a 'sell' rating with a $38 target on June 12, 2026. Mizuho maintained a 'hold' with a $48 target on May 27, 2026. The consensus among analysts is a 'hold' rating, with an average target price of $45 based on 11 analyst opinions.
About PBF Energy
PBF Energy Inc., based in Parsippany, New Jersey, is involved in refining and supplying petroleum products. The company operates through two segments: Refining and Logistics. It produces a range of products, including gasoline, diesel, jet fuel, and lubricants. PBF Energy serves markets across the United States, Canada, Mexico, and internationally. Matthew C. Lucey is the company's CEO, and it employs approximately 3,678 people.
Bottom Line
TD Cowen's upgrade of PBF Energy to 'hold' suggests a more stable outlook for the company, though its price target remains below recent trading levels. Investors often track such analyst updates for insights into market sentiment. As always, remember that these ratings are based on historical data and projections, and actual performance may vary.
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