Delek US Holdings Rating Increased to Outperform at Cowen and Company (DK)
Delek US Holdings (NYSE:DK) was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $43.00 price target on the stock, up from their previous price target of $32.00. Cowen and Company’s price target would indicate a potential upside of 31.86% from the company’s current price.
Shares of Delek US Holdings (NYSE:DK) traded up 4.69% on Friday, hitting $32.61. 2,103,772 shares of the company’s stock traded hands. Delek US Holdings has a 52-week low of $19.83 and a 52-week high of $35.11. The stock’s 50-day moving average is $29.19 and its 200-day moving average is $29.94. The company has a market cap of $1.930 billion and a P/E ratio of 22.69.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.15. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Delek US Holdings will post $2.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, August 22nd.
Several other analysts have also recently commented on the stock. Analysts at Simmons upgraded shares of Delek US Holdings from a “neutral” rating to an “overweight” rating in a research note on Thursday. Separately, analysts at Wolfe Research upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. Finally, analysts at Howard Weil upgraded shares of Delek US Holdings from a “sector outperform” rating to a “focus stock” rating in a research note on Monday, July 28th. They now have a $36.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $36.67.
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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