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Delek US Holdings (NYSE:DK) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $40.00 target price on the stock. Raymond James’ price objective suggests a potential upside of 28.87% from the stock’s previous close.

A number of other analysts have also recently weighed in on DK. Analysts at Howard Weil downgraded shares of Delek US Holdings from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, January 8th. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Delek US Holdings from $37.00 to $41.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of Delek US Holdings from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $40.00 price target on the stock, up previously from $30.00. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.99.

Shares of Delek US Holdings (NYSE:DK) traded down 4.52% during mid-day trading on Thursday, hitting $31.04. The stock had a trading volume of 648,852 shares. Delek US Holdings has a one year low of $19.83 and a one year high of $41.47. The stock has a 50-day moving average of $32.23 and a 200-day moving average of $27.41. The company has a market cap of $1.867 billion and a price-to-earnings ratio of 10.50.

Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.02. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company posted $1.67 earnings per share. Delek US Holdings’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Delek US Holdings will post $2.20 EPS for the current fiscal year.

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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