Breaking: Morgan Stanley Reaffirms $53 Target Price per Share On Delek US Hlds (NYSE:DK) Shares, Reaffirms Their Original Overweight Rating

April 17, 2018 - By Louis Casey

Delek US Hlds (NYSE:DK) Rating Reaffirmed

Morgan Stanley now has a $53 PT on the $3.82B market cap company or 16.43 % upside potential. In a research note revealed to investors on Monday, 16 April, Delek US Hlds (NYSE:DK) shares have had their Overweight Rating kept by research analysts at Morgan Stanley.

Delek US Holdings, Inc. (NYSE:DK) Ratings Coverage

Among 13 analysts covering Delek US Hlds (NYSE:DK), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Delek US Hlds has $53 highest and $27 lowest target. $45.33’s average target is -0.42% below currents $45.52 stock price. Delek US Hlds had 24 analyst reports since October 18, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 30. The firm earned “Buy” rating on Friday, November 17 by Tudor Pickering. The rating was maintained by Scotia Capital with “Buy” on Monday, April 9. Raymond James upgraded the stock to “Strong Buy” rating in Monday, November 13 report. The firm earned “Underperform” rating on Friday, December 8 by Bank of America. The stock of Delek US Holdings, Inc. (NYSE:DK) earned “Overweight” rating by Morgan Stanley on Thursday, January 11. The firm has “Buy” rating given on Wednesday, January 10 by Scotia Capital. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 16. The firm has “Hold” rating given on Monday, March 19 by Deutsche Bank. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, November 14.

The stock decreased 0.44% or $0.2 during the last trading session, reaching $45.52. About 154,076 shares traded. Delek US Holdings, Inc. (NYSE:DK) has risen 65.09% since April 17, 2017 and is uptrending. It has outperformed by 53.54% the S&P500.

Analysts await Delek US Holdings, Inc. (NYSE:DK) to report earnings on May, 14. They expect $0.23 earnings per share, up 43.75 % or $0.07 from last year’s $0.16 per share. DK’s profit will be $19.31M for 49.48 P/E if the $0.23 EPS becomes a reality. After $0.50 actual earnings per share reported by Delek US Holdings, Inc. for the previous quarter, Wall Street now forecasts -54.00 % negative EPS growth.

Delek US Holdings, Inc. operates as an integrated energy firm that provides petroleum refining and transportation services. The company has market cap of $3.82 billion. The firm operates in two divisions, Refining and Logistics. It has a 11.39 P/E ratio. The Refining segment owns and operates two refineries in Tyler, Texas, and El Dorado, Arkansas; and produces various petroleum products used in transportation and industrial markets.

Delek US Holdings, Inc. (NYSE:DK) Ratings Chart

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