Credit Suisse Lowers Delek US Holdings Price Target to $32.00 (DK)
Analysts at Credit Suisse decreased their price target on shares of Delek US Holdings (NYSE:DK) from $39.81 to $32.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would suggest a potential upside of 58.65% from the stock’s previous close.
A number of other firms have also recently commented on DK. Analysts at Barclays Capital cut their price target on shares of Delek US Holdings from $48.00 to $38.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Delek US Holdings has a consensus rating of “Hold” and an average target price of $29.71.
Delek US Holdings (NYSE:DK) traded down 1.32% on Wednesday, hitting $20.17. The stock had a trading volume of 873,365 shares. Delek US Holdings has a one year low of $20.36 and a one year high of $41.47. The stock’s 50-day moving average is $23.12 and its 200-day moving average is $30.60. The company has a market cap of $1.212 billion and a price-to-earnings ratio of 4.36.
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 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. On average, analysts predict that Delek US Holdings will post $2.34 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Tuesday, October 29th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.10 per share. This represents a dividend yield of 2.9%. The ex-dividend date 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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