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