DK’s analyst ratings
In this series, we’ve examined Delek US Holdings’ (DK) 1Q16 estimates, given a segmental analysis, and analyzed the company’s stock performance, recent moves, and capital expenditure plans ahead of its earnings release, which is expected on May 5, 2016. Now let’s examine analyst ratings.
The above table shows that eight of the 11 firms have rated Delek (DK) as “buy,” “overweight,” or “outperform.” The highest 12-month price target for DK stands at $30, indicating a 78% gain from current levels. The remaining three firms have rated Delek as a “hold.”
The average 12-month price target for DK stands at $21, indicating a 25% gain from current levels. None of the above firms has given a “sell” rating to Delek, and the company’s lowest 12-month price target stands at $11, implying a 35% loss from current levels.
The highest price target for DK was given by Cowen, whereas the lowest price target was specified by Piper Jaffray. RBC Capital Markets, Credit Suisse, Wolfe Research, and J. P. Morgan have all given price targets equal to or exceeding $22 per share for DK. On the other hand, firms like Macquarie, Goldman Sachs, and Piper Jaffray, have given “neutral” recommendations on the stock.
Analyst recommendations for peers
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