Delek US Holdings Price Target Cut to $38.00 by Analysts at Barclays Capital (DK)
Barclays Capital lowered their target price on shares of Delek US Holdings (NYSE:DK) from $48.00 to $38.00 in a research note issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective suggests a potential upside of 85.91% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Delek US Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $19.90 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Delek US Holdings presently has a consensus rating of “Hold” and an average price target of $30.60.
Delek US Holdings (NYSE:DK) traded down 2.20% during mid-day trading on Tuesday, hitting $20.44. The stock had a trading volume of 740,595 shares. 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 $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 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 $2.30 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Tuesday, October 29th. Shareholders 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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