While Delek US Holdings Inc has overperformed by 0.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DK rose by 27.07%, with highs and lows ranging from $33.60 to $19.39, whereas the simple moving average jumped by 17.18% in the last 200 days.
On February 28, 2024, TD Cowen Reiterated Delek US Holdings Inc (NYSE: DK) to Market Perform. A report published by Citigroup on January 24, 2024, Initiated its previous ‘Neutral’ rating for DK. Goldman also Downgraded DK shares as ‘Neutral’, setting a target price of $24 on the company’s shares in a report dated March 29, 2023. UBS Initiated an Neutral rating on March 09, 2023, and assigned a price target of $29. Piper Sandler January 20, 2023d its ‘Overweight’ rating to ‘Neutral’ for DK, as published in its report on January 20, 2023. Mizuho’s report from January 10, 2023 suggests a price prediction of $30 for DK shares, giving the stock a ‘Underperform’ rating. Wells Fargo also rated the stock as ‘Underweight’.
Analysis of Delek US Holdings Inc (DK)
Investors in Delek US Holdings Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.95 per share. Further, the quarter-over-quarter decrease in sales is -9.60%, showing a negative trend in the upcoming months.
One of the most important indicators of Delek US Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 2.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and DK is recording 1.08M average volume. On a monthly basis, the volatility of the stock is set at 3.24%, whereas on a weekly basis, it is put at 2.96%, with a loss of -3.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.54, showing decline from the present price of $31.59, which can serve as yet another indication of whether DK is worth investing in or should be passed over.
How Do You Analyze Delek US Holdings Inc Shares?
The Oil & Gas Refining & Marketing market is dominated by Delek US Holdings Inc (DK) based in the USA. When comparing Delek US Holdings Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 143.92, there is a growth in quarterly earnings of -49.01%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 103.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DK shares are owned by institutional investors to the tune of 103.00% at present.
