PBF Energy Inc. (PBF) Reaches $45.82 52-Week High; Last Week Avid Technology, Inc. (AVID) Coverage

May 22, 2018 - By Clifton Ray

Avid Technology, Inc. (NASDAQ:AVID) Logo

The stock of PBF Energy Inc. (NYSE:PBF) hit a new 52-week high and has $47.19 target or 3.00% above today’s $45.82 share price. The 7 months bullish chart indicates low risk for the $5.29B company. The 1-year high was reported on May, 22 by Barchart.com. If the $47.19 price target is reached, the company will be worth $158.70M more. The stock decreased 0.14% or $0.065 during the last trading session, reaching $45.815. About 351,384 shares traded. PBF Energy Inc. (NYSE:PBF) has risen 56.85% since May 22, 2017 and is uptrending. It has outperformed by 45.30% the S&P500.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. The company was initiated on Wednesday, December 9 by Singular Research. The rating was downgraded by BWS Financial on Thursday, November 10 to “Hold”. The stock has “Sell” rating by Dougherty on Thursday, December 7. The firm has “Buy” rating given on Tuesday, August 11 by Dougherty & Company. The stock of Avid Technology, Inc. (NASDAQ:AVID) has “Buy” rating given on Wednesday, November 11 by BWS Financial. See Avid Technology, Inc. (NASDAQ:AVID) latest ratings:

07/12/2017 Broker: Dougherty Rating: Sell New Target: $4.5 Downgrade

Among 16 analysts covering PBF Energy Inc (NYSE:PBF), 1 have Buy rating, 4 Sell and 11 Hold. Therefore 6% are positive. PBF Energy Inc had 68 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by Scotia Capital. The stock of PBF Energy Inc. (NYSE:PBF) has “Sell” rating given on Tuesday, November 28 by Goldman Sachs. The firm earned “Hold” rating on Monday, November 6 by RBC Capital Markets. Zacks downgraded PBF Energy Inc. (NYSE:PBF) on Tuesday, August 11 to “Buy” rating. The stock of PBF Energy Inc. (NYSE:PBF) earned “Underweight” rating by Barclays Capital on Monday, October 10. Credit Suisse downgraded PBF Energy Inc. (NYSE:PBF) on Tuesday, October 11 to “Neutral” rating. The stock has “Sell” rating by J.P. Morgan on Tuesday, December 12. The firm has “Hold” rating given on Thursday, August 3 by RBC Capital Markets. The company was maintained on Thursday, July 20 by RBC Capital Markets. Morgan Stanley upgraded PBF Energy Inc. (NYSE:PBF) on Monday, January 18 to “Overweight” rating.

PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. The company has market cap of $5.29 billion. The firm operates through two divisions, Refining and Logistics. It has a 12.29 P/E ratio. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

Investors sentiment increased to 1.49 in 2017 Q4. Its up 0.65, from 0.84 in 2017Q3. It increased, as 28 investors sold PBF Energy Inc. shares while 76 reduced holdings. 80 funds opened positions while 75 raised stakes. 107.76 million shares or 7.13% less from 116.04 million shares in 2017Q3 were reported. Fdx Advisors holds 0.04% or 37,677 shares in its portfolio. Kistler has 0.01% invested in PBF Energy Inc. (NYSE:PBF). Tiaa Cref Investment Mgmt Ltd Llc holds 0.01% or 268,928 shares in its portfolio. Cornerstone Mgmt Ltd owns 0.13% invested in PBF Energy Inc. (NYSE:PBF) for 520,304 shares. Employees Retirement Association Of Colorado holds 0.01% of its portfolio in PBF Energy Inc. (NYSE:PBF) for 24,388 shares. Point72 Asia (Hong Kong) Limited invested in 0% or 23 shares. Federated Pa accumulated 918,434 shares. Great West Life Assurance Can owns 74,491 shares. Ftb reported 0% in PBF Energy Inc. (NYSE:PBF). Cypress Cap Ltd Llc (Wy) invested in 0.02% or 625 shares. Orrstown Fin Inc holds 47 shares. Panagora Asset Management, Massachusetts-based fund reported 10,270 shares. Oz Lp reported 123,000 shares. D E Shaw And stated it has 9,337 shares. Leuthold Gru Limited Liability Company reported 0.05% in PBF Energy Inc. (NYSE:PBF).

Analysts await PBF Energy Inc. (NYSE:PBF) to report earnings on August, 2. They expect $1.38 EPS, up 2,400.00% or $1.44 from last year’s $-0.06 per share. PBF’s profit will be $159.34 million for 8.30 P/E if the $1.38 EPS becomes a reality. After $-0.29 actual EPS reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -575.86% EPS growth.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Globenewswire.com which released: “Avid Transforms TV News Production for RTS Senegal Africa” on April 26, 2018, also Nasdaq.com with their article: “Avid Technology Announces Q1 2018 Results and Issues Q2 2018 Guidance” published on May 10, 2018, Nasdaq.com published: “Avid Technology Announces Conference Call to Discuss First Quarter 2018 Financial Results” on April 28, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Seekingalpha.com and their article: “Avid’s (AVID) CEO Jeff Rosica on Q1 2018 Results – Earnings Call Transcript” published on May 11, 2018 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights ICF International, Strayer Education, Avid Technology, Fox Factory Holding …” with publication date: May 01, 2018.

Investors sentiment increased to 1.41 in Q4 2017. Its up 0.41, from 1 in 2017Q3. It is positive, as 15 investors sold Avid Technology, Inc. shares while 22 reduced holdings. 24 funds opened positions while 28 raised stakes. 29.89 million shares or 5.81% more from 28.25 million shares in 2017Q3 were reported. 2.04M are held by Blackrock Inc. Wells Fargo & Mn has 0% invested in Avid Technology, Inc. (NASDAQ:AVID). Parallax Volatility Advisers Lp, California-based fund reported 5,208 shares. Dimensional Fund Advsr Lp has invested 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Blum Cap Prtn Lp has invested 100% in Avid Technology, Inc. (NASDAQ:AVID). Goldman Sachs Group owns 21,836 shares. Sei Invs reported 48 shares. Ny State Common Retirement Fund holds 29,500 shares. Royal State Bank Of Canada reported 0% stake. Manufacturers Life Ins Communications The reported 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Aqr Cap Mngmt Limited Liability invested in 631,815 shares. Renaissance Tech Limited reported 0% in Avid Technology, Inc. (NASDAQ:AVID). Eaton Vance Management invested in 23,555 shares or 0% of the stock. 134,500 are owned by Spark Invest Mngmt Ltd Llc. 9,890 are owned by Bnp Paribas Arbitrage Sa.

The stock increased 0.40% or $0.02 during the last trading session, reaching $5.05. About 11,028 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 3.49% since May 22, 2017 and is downtrending. It has underperformed by 15.04% the S&P500.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $209.59 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

PBF Energy Inc. (NYSE:PBF) Institutional Positions Chart

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