Analysts Have Mixed Ratings On PBF Logistics LP (NYSE:PBFX), Steelcase Inc. (NYSE:SCS)

The shares of PBF Logistics LP (NYSE:PBFX) has been pegged with a rating of Mkt Perform by Raymond James in its latest research note that was published on March 12, 2020. Raymond James wasn’t the only research firm that published a report of PBF Logistics LP, with other equities research analysts also giving their opinion on the stock. The stock had earned Neutral rating from Credit Suisse Markets when it published its report on October 11, 2018. The stock was given Buy rating by UBS in its report released on October 17, 2017, the day when the price target on the stock was placed at 24. Raymond James was of a view that PBFX is Outperform in its latest report on April 21, 2016. Barclays thinks that PBFX is worth Equal Weight rating. This was contained in the firm’s report on February 12, 2016 in which the stock’s price target was also moved to 21.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $18.40. The price of the stock the last time has raised by 58.50% from its 52-Week high price while it is -77.95% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 19.06.

The shares of the company added by 8.74% during the trading session on Wednesday, reaching a low of $4.11 while ending the day at $4.85. During the trading session, a total of 1.08 million shares were traded which represents a -405.93% decline from the average session volume which is 213950.0 shares. PBFX had ended its last session trading at $4.46. PBF Logistics LP currently has a market cap of $259.72 million, while its P/E ratio stands at 2.87, while its P/E earnings growth sits at 0.36, with a beta of 1.98. PBF Logistics LP debt-to-equity ratio currently stands at 7.63, while its quick ratio hovers at 2.00 PBFX 52-week low price stands at $3.06 while its 52-week high price is $22.00.

The company in its last quarterly report recorded $0.52 earnings per share which is above the predicted by most analysts. The PBF Logistics LP generated 34.97 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.50 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 23.08%. PBF Logistics LP has the potential to record 2.11 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Raymond James published a research note on October 07, 2019 where it informed investors and clients that Steelcase Inc. (NYSE:SCS) is now rated as Mkt Perform. Even though the stock has been trading at $10.03/share, analysts expect it to surge by 15.15% to reach $14.00/share. It started the day trading at $12.05 and traded between $10.52 and $11.55 throughout the trading session.

A look at its technical shows that SCS’s 50-day SMA is 16.44 while its 200-day SMA stands at 17.33. The stock has a high of $23.02 for the year while the low is $7.02. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 2.64 M shorted shares, the short percentage went higher by 6.14%, as 2.80M PBFX shares were shorted. At the moment, only 2.55% of Steelcase Inc. shares were sold short. The company’s P/E ratio currently sits at 8.89, while the P/B ratio is 1.45. The company’s average trading volume currently stands at 813.15K shares, which means that the short-interest ratio is just 3.24 days. Over the past seven days, the company moved, with its shift of 57.57%. Looking further, the stock has dropped -45.83% over the past 90 days while it lost -38.10% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more SCS shares, increasing its portfolio by 9.43% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 766,165 shares in the last quarter, thus it now holds 8,890,506 shares of SCS, with a total valuation of $144,204,007. EARNEST Partners LLC meanwhile bought more SCS shares in the recently filed quarter, changing its stake to $119,755,309 worth of shares.

Similarly, BlackRock Fund Advisors increased its Steelcase Inc. shares by 5.39% during the recently filed quarter. After buying 6,270,775 shares in the last quarter, the firm now controls 320,426 shares of Steelcase Inc. which are valued at $101,711,971. In the same vein, Cooke & Bieler LP increased its Steelcase Inc. shares by during the most recent reported quarter. The firm bought 1,199,502 shares during the quarter which increased its stakes to 4,745,592 shares and is now valued at $76,973,502. Following these latest developments, around 2.40% of Steelcase Inc. stocks are owned by institutional investors and hedge funds.