Delek US Holdings Price Target Cut to $30.00 by Analysts at Deutsche Bank (DK)
Deutsche Bank reduced their price target on shares of Delek US Holdings (NYSE:DK) from $38.00 to $30.00 in a research note issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 27.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Delek US Holdings (NYSE:DK) from $45.00 to $40.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.25.
Delek US Holdings (NYSE:DK) traded down 1.22% on Tuesday, hitting $23.52. The stock had a trading volume of 670,691 shares. Delek US Holdings has a 52-week low of $22.51 and a 52-week high of $41.47. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $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 EPS for the quarter, missing the Thomson Reuters 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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