Delek US Holdings Price Target Raised to $25.00 at Cowen and Company (DK)
Stock analysts at Cowen and Company increased their target price on shares of Delek US Holdings (NYSE:DK) from $21.25 to $25.00 in a report issued on Wednesday, Analyst Ratings Network reports. Cowen and Company’s price objective suggests a potential upside of 16.33% from the company’s current price.
A number of other firms have also recently commented on DK. Analysts at Credit Suisse reiterated a “buy” rating on shares of Delek US Holdings (NYSE:DK) in a research note to investors on Tuesday. They now have a $40.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.31.
Shares of Delek US Holdings (NYSE:DK) traded up 1.13% on Wednesday, hitting $21.49. The stock had a trading volume of 629,317 shares. Delek US Holdings has a one year low of $20.57 and a one year high of $41.47. The stock has a 50-day moving average of $24.11 and a 200-day moving average of $31.27. The company has a market cap of $1.291 billion and a P/E ratio of 4.53.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data 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 last year, the company posted $1.17 earnings per share. Delek US Holdings’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Delek US Holdings will post $2.39 earnings per share 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.
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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