Delek Logistics Partners Receives Average Recommendation of “Buy” from Analysts (NYSE:DKL)
Shares of Delek Logistics Partners (NYSE:DKL) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, AR Network reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $39.40.
Shares of Delek Logistics Partners (NYSE:DKL) traded up 1.33% on Tuesday, hitting $42.65. 13,245 shares of the company’s stock traded hands. Delek Logistics Partners has a 52-week low of $29.00 and a 52-week high of $45.00. The stock has a 50-day moving average of $35.97 and a 200-day moving average of $34.30. The company has a market cap of $1.031 billion and a price-to-earnings ratio of 17.31.
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. Analysts expect that Delek Logistics Partners will post $2.86 EPS for the current fiscal year.
DKL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Delek Logistics Partners from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $46.00 price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Delek Logistics Partners in a research note on Thursday, August 21st. They now have a $39.00 price target on the stock, down previously from $45.00. Finally, 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.
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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