Delek US Holdings, Inc. Receives “Reduce” Recommendation from Analysts

According to Marketbeat Ratings, Delek US Holdings, Inc. (NYSE:DK) has received an average recommendation of “Reduce” from the ten brokerages that cover the stock. Of the ten, four analysts have given the stock a sell rating, five have assigned a hold rating, and one has given a buy rating. The average twelve-month price target for the stock is $29.27. Recent ratings for DK include a downgrade from TheStreet, an underperform rating from Mizuho, an underweight rating from Morgan Stanley, an outperform rating from Raymond James, and a neutral rating from Bank of America.

In related news, Director Laurie Z. Tolson recently sold 2,700 shares of DK stock. Several institutional investors have also made changes to their holdings in Delek US, including BOKF NA, Nuveen Asset Management LLC, O’Brien Greene & Co. Inc, Formidable Asset Management LLC, and XTX Topco Ltd.

Delek US currently has a fifty-two week low of $19.39 and a fifty-two week high of $35.45. The company has a debt-to-equity ratio of 2.60 and a quick ratio of 0.66. Delek US reported earnings results on August 7th, which beat analysts’ expectations. The company also increased its quarterly dividend.

As of now, Delek US has been given a “Reduce” rating, but there are other stocks that top analysts are recommending. To find out the top five stocks recommended by analysts, including those in the electric vehicle technologies (EV) sector, you can click the link below to access MarketBeat’s guide to investing in EV stocks.

Sources: Marketbeat Ratings, TheStreet, Mizuho, Morgan Stanley, Raymond James, Bank of America