Delek US Holdings’s “Buy” Rating Reaffirmed at Credit Suisse (DK)
Delek US Holdings (NYSE:DK)‘s stock had its “buy” rating reiterated by equities researchers at Credit Suisse in a research report issued on Tuesday, American Banking and Market News reports. They currently have a $40.00 price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 88.24% from the company’s current price.
Delek US Holdings (NYSE:DK) traded up 0.76% on Tuesday, hitting $21.25. 573,127 shares of the company’s stock traded hands. Delek US Holdings has a 52 week low of $20.57 and a 52 week high of $41.47. The stock’s 50-day moving average is $24.34 and its 200-day moving average is $31.40. The company has a market cap of $1.277 billion and a price-to-earnings ratio of 4.49.
Delek US Holdings (NYSE:DK) last announced its 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 prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Delek US Holdings will post $2.39 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Tuesday, October 29th. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.10 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 4th.
A number of other analysts have also recently weighed in on DK. Analysts at Morgan Stanley cut their price target on shares of Delek US Holdings (NYSE:DK) from $44.00 to $26.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Delek US Holdings (NYSE:DK) from $38.00 to $30.00 in a research note to investors on Tuesday, September 10th. They now have a “hold” rating on the stock. Finally, 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, September 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.22.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.