Delek US Holdings Given New $40.00 Price Target at Credit Suisse (DK)
Investment analysts at Credit Suisse lowered their target price on shares of Delek US Holdings (NYSE:DK) from $45.00 to $40.00 in a note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target suggests a potential upside of 70.07% from the company’s current price.
A number of other analysts have also recently weighed in on DK. Analysts at Raymond James cut their price target on shares of Delek US Holdings (NYSE:DK) from $34.00 to $30.00 in a research note to investors on Monday. Separately, analysts at Simmons downgraded shares of Delek US Holdings (NYSE:DK) from a “neutral” rating to an “underweight” rating in a research note to investors on Monday. Finally, analysts at Zacks upgraded shares of Delek US Holdings (NYSE:DK) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $25.30 price target on the stock.
One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.25.
Delek US Holdings (NYSE:DK) traded down 1.22% on Tuesday, hitting $23.52. 670,691 shares of the company’s stock traded hands. Delek US Holdings has a one year low of $22.51 and a one year high of $41.47. The stock’s 50-day moving average is $27.69 and its 200-day moving average is $33.22. The company has a market cap of $1.413 billion and a price-to-earnings ratio of 5.07.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.01. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Delek US Holdings will post $2.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, August 23rd.
Delek US Holdings, Inc (NYSE:DK) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing.
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