Delek Logistics Partners Rating Increased to Outperform at Zacks (DKL)
Delek Logistics Partners (NYSE:DKL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $46.00 price objective on the stock. Zacks‘s price objective indicates a potential upside of 6.14% from the stock’s previous close.
DKL has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Delek Logistics Partners in a research note on Thursday. They now have a $39.00 price target on the stock, down previously from $45.00. Separately, 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, August 20th. Finally, 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.40.
Delek Logistics Partners (NYSE:DKL) traded down 0.09% during mid-day trading on Monday, hitting $43.30. 100,076 shares of the company’s stock traded hands. Delek Logistics Partners has a one year low of $28.82 and a one year high of $44.44. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $34.21. The company has a market cap of $1.047 billion and a P/E ratio of 17.82.
Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Tuesday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.27. Analysts expect that Delek Logistics Partners will post $2.86 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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