.jpg "Delek US Holdings (NYSE: DK)")
In a report released today, Benny Wong from Morgan Stanley maintained a Buy rating on Delek US Holdings (DK), with a price target of $52. The company’s shares opened today at $37.90.
According to TipRanks.com, Wong has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.1% and a 27.6% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Valero Energy Corp, and Encana Corp.
Currently, the analyst consensus on Delek US Holdings is a Strong Buy with an average price target of $56.80.
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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 $104 million.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock.
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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.
