.jpg "Delek US Holdings (NYSE: DK)")
Barclays analyst Paul Cheng maintained a Buy rating on Delek US Holdings (DK) yesterday and set a price target of $51. The company’s shares opened today at $32.40, close to its 52-week low of $29.51.
According to TipRanks.com, Cheng is a 4-star analyst with an average return of 2.8% and a 47.9% success rate. Cheng covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Marathon Petroleum Corporation, and Imperial Oil Limited.
Delek US Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $44.86, implying a 38.5% upside from current levels. In a report issued on December 31, Raymond James also maintained a Buy rating on the stock with a $46 price target.
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Based on Delek US Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $178 million. In comparison, last year the company had a net profit of $211 million.
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Delek US Holdings, Inc. is a diversified downstream energy company, which focuses on petroleum refining, the transportation, storage and wholesale distribution of crude oil, intermediate and refined products and convenience store retailing. It operates through following segments: Refining, Logistics and Retail.
