Today: Today, Credit Suisse Group AG lowers the Stock rating of Delek US Holdings Inc. (DK)

Today, Credit Suisse Group AG lowers the Stock rating of Delek US Holdings Inc. (DK)

Credit Suisse Group AG downgraded shares of Delek US Holdings Inc. (NYSE:DK) from an outperform rating to a neutral rating in a research note released on Tuesday morning. Credit Suisse Group AG currently has $19.50 price objective on the stock, up from their prior price objective of $17.00.

Several other brokerages have also issued reports on DK. Piper Jaffray Cos. raised their price objective on Delek US Holdings from $13.00 to $14.00 and gave the stock a neutral rating in a report on Friday, September 16th. Citigroup Inc. started coverage on Delek US Holdings in a report on Wednesday, September 14th. They set a buy rating and a $23.00 price objective on the stock. Zacks Investment Research lowered Delek US Holdings from a hold rating to a sell rating in a report on Wednesday, October 5th. Raymond James Financial Inc. raised their price objective on Delek US Holdings from $20.00 to $21.00 and gave the stock a hold rating in a report on Thursday, September 15th. Finally, Morgan Stanley reaffirmed a hold rating and set a $15.00 price objective on shares of Delek US Holdings in a report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $19.88.

Delek US Holdings (NYSE:DK) opened at 17.32 on Tuesday. The stock has a 50 day moving average price of $17.47 and a 200-day moving average price of $14.96. The stock’s market capitalization is $1.07 billion. Delek US Holdings has a one year low of $11.41 and a one year high of $29.90.

Delek US Holdings (NYSE:DK) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. Analysts anticipate that Delek US Holdings will post ($1.40) earnings per share for the current year.

Several large investors have recently bought and sold shares of DK. BlackRock Inc. increased its stake in Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock worth $113,000 after buying an additional 3,329 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Delek US Holdings during the second quarter worth about $138,000. Tower Research Capital LLC TRC increased its stake in Delek US Holdings by 3,358.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,791 shares of the company’s stock worth $142,000 after buying an additional 10,479 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Delek US Holdings during the first quarter worth about $164,000. Finally, First Midwest Bank Trust Division bought a new stake in Delek US Holdings during the second quarter worth about $176,000. Institutional investors own 92.21% of the company’s stock.

Delek US Holdings Company Profile

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