Delek Logistics Partners Receives Average Recommendation of “Buy” from Analysts (NYSE:DKL)
Delek Logistics Partners (NYSE:DKL) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.40.
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, August 25th. 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 (NYSE:DKL) opened at 41.50 on Tuesday. Delek Logistics Partners has a 52 week low of $29.00 and a 52 week high of $45.00. The stock’s 50-day moving average is $36.82 and its 200-day moving average is $34.53. The company has a market cap of $1.004 billion and a price-to-earnings ratio of 16.92.
Delek Logistics Partners (NYSE:DKL) last issued its quarterly 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.
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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