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R.F. Lafferty Maintains Their Buy Rating on PBF Logistics (PBFX)

R.F. Lafferty analyst Jaime Perez maintained a Buy rating on PBF Logistics (PBFXResearch Report) today and set a price target of $17.00. The company’s shares closed last Thursday at $13.63.

According to TipRanks.com, Perez is a 3-star analyst with an average return of 5.0% and a 41.2% success rate. Perez covers the Industrial Goods sector, focusing on stocks such as KLX Energy Services Holdings, Luminar Technologies, and Propetro Holding.

Currently, the analyst consensus on PBF Logistics is a Moderate Buy with an average price target of $17.00.

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PBF Logistics’ market cap is currently $857.7M and has a P/E ratio of 5.90. The company has a Price to Book ratio of 4.42.

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PBF Logistics LP owns, leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. It operates through two operating segments: Transportation and Terminaling Segment, and Storage Segment. The Storage segment consists of 30 tanks for storing crude oil, refined products and intermediates. The company’s initial assets consist of a light crude oil rail unloading terminal at the Delaware city refinery that also services the Paulsboro refinery and a crude oil truck unloading terminal at the Toledo refinery that are integral components of the crude oil delivery operations at all three of PBF Energy, Inc.’s refineries. PBF Logistics was founded on February 25, 2013 and is headquartered in Parsippany, NJ.

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