Ned Davis Research Initiates Coverage on Delek US Holdings (DK)
Analysts at Ned Davis Research began coverage on shares of Delek US Holdings (NYSE:DK) in a research report issued to clients and investors on Monday, Analyst RN reports. The firm set a “neutral” rating on the stock.
Delek US Holdings (NYSE:DK) traded down 1.72% on Monday, hitting $21.13. The stock had a trading volume of 301,350 shares. Delek US Holdings has a 1-year low of $20.57 and a 1-year high of $41.47. The stock’s 50-day moving average is $23.44 and its 200-day moving average is $31.00. The company has a market cap of $1.270 billion and a price-to-earnings ratio of 4.58.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ 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 $2.31 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Tuesday, October 29th. Investors 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.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Delek US Holdings from $21.25 to $25.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated a “buy” rating on shares of Delek US Holdings in a research note to investors on Tuesday, October 1st. They now have a $40.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Delek US Holdings from $44.00 to $26.00 in a research note to investors on Tuesday, October 1st. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Delek US Holdings currently has a consensus rating of “Hold” and a consensus price target of $32.31.
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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