Analysis: Delek US Holdings (NYSE:DK) Target Increased Today
In analysts note distributed by Credit Suisse on 2 December, the firm, Delek US Holdings (NYSE:DK), had their Estimated Target Price lowered to $43.00. Analusts presently have a solid Outperform rating on the stock.
From a total of 11 analysts covering Delek US Holdings (NYSE:DK) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $48 while the lowest target price is $33. The mean of all analyst targets is $38.64 with a 41.85% above today’s ($28.48) stock price. Delek US Holdings was the topic of 9 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 5 with “Outperform” rating. Macquarie Research initiated shares with “Outperform” rating and $48 target share price in a report from a July 24. Barclays Capital maintained DK stock in a recent report from October 12 with “Overweight” rating. Finally, JP Morgan initiated the stock with “Overweight” rating in a report issued on a September 11.
Approximately 100,526 shares of stock traded hands. Delek US Holdings, Inc. (NYSE:DK) has declined 26.19% since April 29, 2015 and is downtrending. It has underperformed by 25.99% the S&P500.
Delek US Holdings, Inc. is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The company has a market cap of $1.77 billion. The Firm operates through three operating divisions: Refining, Logistics and Retail. It has 19.71 P/E ratio. The Company’s Refining Segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140,000 barrels per day (bpd).
According to Zacks Investment Research, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise.” Get a free copy of the Zacks research report on Delek US Holdings, Inc. (DK).