Delek US Holdings Rating Increased to Neutral at Zacks (DK)
Delek US Holdings (NYSE:DK) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $35.90 price target on the stock. Zacks‘s target price suggests a potential upside of 2.60% from the stock’s previous close.
In other Delek US Holdings news, EVP Kent B. Thomas unloaded 3,815 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $34.00, for a total transaction of $129,710.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Delek US Holdings (NYSE:DK) traded up 0.17% on Tuesday, hitting $35.05. 567,739 shares of the company’s stock traded hands. Delek US Holdings has a one year low of $19.83 and a one year high of $35.11. The stock’s 50-day moving average is $29.7 and its 200-day moving average is $30.08. The company has a market cap of $2.119 billion and a P/E ratio of 25.48.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.78 earnings per share. Delek US Holdings’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Delek US Holdings will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, August 22nd.
DK has been the subject of a number of other 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, August 8th. 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, August 7th. 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. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Delek US Holdings presently has a consensus rating of “Buy” and an average target price of $37.59.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.