Stock Rating Upgrade
The Value Trend Rating for Delek US Holdings Inc (NYSE: DK) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Delek US Holdings Inc (NYSE: DK) stock closed at $29.67 on 4/19/24 after a modest gain of 0.7%. However, exceptionally low trading volume at 46% of normal accompanied the advance. The stock has declined -6.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DK is expected to continue to be a Value Builder.
Delek US Holdings has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Delek US Holdings has a neutral Power Rating of 55 and a neutral Appreciation Score of 58, resulting in the Neutral Value Trend Rating.
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