Delek US Holdings Downgraded by Zacks to Underperform (DK)
Delek US Holdings (NYSE:DK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $19.90 price target on the stock. Zacks‘ price target points to a potential downside of 2.64% from the company’s current price.
Delek US Holdings (NYSE:DK) traded down 2.20% during mid-day trading on Tuesday, hitting $20.44. 740,595 shares of the company’s stock traded hands. 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 $23.28 and its 200-day moving average is $30.74. The company has a market cap of $1.228 billion and a P/E ratio of 4.45.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data 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 $2.30 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 Ned Davis Research initiated coverage on shares of Delek US Holdings in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.60.
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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