Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.60 on Delek Logistics Partners, L.P. (NYSE:DKL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.38 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Delek Logistics Partners, L.P. (NYSE:DKL) stands at 11.70.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Delek Logistics Partners, L.P. , the PEG ratio for coming 3-5 years is 1.72.
The technical analysis highlights that Delek Logistics Partners, L.P. current is trading $2.09 points away or +7.80% from its 50-day moving average of $26.75. Further it is trading $0.73 or +2.58% away its 200-day moving average of $28.11.
The 52-week high of Delek Logistics Partners, L.P. (NYSE:DKL) was $39.49 while lowest point recorded in 52-week was $21.84. It implies if stock price makes a movement of over $-10.65, it will record a new 52-week high. In the case of +32.05% drop, it will touch a new 52-week low.
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