Delek US Holdings Receives Consensus Recommendation of “Buy” from Analysts (NYSE:DK)
Shares of Delek US Holdings (NYSE:DK) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the company, American Banking News.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.67.
DK has been the subject of a number of recent research reports. Analysts at Cowen and Company upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $43.00 price target on the stock, up previously from $32.00. Separately, analysts at Simmons upgraded shares of Delek US Holdings from a “neutral” rating to an “overweight” rating in a research note on Thursday. Finally, 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.
Delek US Holdings (NYSE:DK) opened at 32.61 on Tuesday. 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 price-to-earnings ratio of 22.69.
Delek US Holdings (NYSE:DK) last announced its earnings results 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. Analysts expect that Delek US Holdings will post $2.60 EPS 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.
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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