Raymond James Boosts DK to $90 Target Despite Value Warning
Raymond James lifted its Delek US Holdings target to $90 from $72. GuruFocus data shows a GF Value of $22.65, a 21x trailing P/E, and $24.2 million in insider selling over three months.
Raymond James kept its Outperform rating on Delek US Holdings and raised the price target to $90 a share from $72, analyst Justin Jenkins said on Oct. 3. The 25% increase in the target reflects confidence the refiner can outperform, the note said.
Delek, which refines and markets petroleum products across the U.S., had a market value of about $4.59 billion at the time of the update.
GuruFocus data paint a sharply different picture. The stock's GF Value of $22.65 implies a 230.7% overvaluation against the $74.91 session price. The trailing P/E ratio of 21.04x is roughly three times the five-year median of 7.29x, and the overall GF Score of 47/100 reflects a moderate financial-health reading. Within that score, the growth rank stands at 1/10 and the valuation rank at 1/10, while profitability ranks 6/10.
Insider activity in the past three months showed $24.2 million in sell orders, with six insiders trimming positions against one adding. Three institutional investors hold the stock, according to the data.
Raymond James's $90 target sits 20% above the current price. The split between the sell-side target and the GF Value metric is unusually wide, the data show.
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