Delek Logistics Partners Given “Buy” Rating at Bank of America (DKL)
Delek Logistics Partners (NYSE:DKL)‘s stock had its “buy” rating reissued by Bank of America in a research note issued on Thursday. They currently have a $39.00 price objective on the stock, down from their previous price objective of $45.00. Bank of America’s price target would indicate a potential downside of 6.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on DKL. Analysts at Wells Fargo & Co. upgraded shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Analysts at Raymond James reiterated an “outperform” rating on shares of Delek Logistics Partners in a research note on Thursday, August 7th. They now have a $40.00 price target on the stock, up previously from $37.00. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.75.
Shares of Delek Logistics Partners (NYSE:DKL) traded up 1.21% on Thursday, hitting $41.99. The stock had a trading volume of 71,030 shares. Delek Logistics Partners has a one year low of $28.82 and a one year high of $41.66. The stock’s 50-day moving average is $35.35 and its 200-day moving average is $34.0. The company has a market cap of $1.015 billion and a P/E ratio of 17.06.
Delek Logistics Partners (NYSE:DKL) last released its earnings data on Tuesday, August 5th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.27. On average, analysts predict that Delek Logistics Partners will post $2.80 EPS for the current fiscal year.
Delek Logistics Partners, LP is formed to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.
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