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Is Delek Logistics Partners, L.P. (DKL) a Great Value Stock Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Delek Logistics Partners, L.P. (DKL - Free Report) . DKL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 9.28, while its industry has an average P/E of 11.78. DKL's Forward P/E has been as high as 11.19 and as low as 8.99, with a median of 10.19, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. DKL has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.59.
Finally, investors should note that DKL has a P/CF ratio of 5.87. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. DKL's current P/CF looks attractive when compared to its industry's average P/CF of 7.83. DKL's P/CF has been as high as 7.83 and as low as 5.56, with a median of 6.29, all within the past year.
These are only a few of the key metrics included in Delek Logistics Partners, L.P.'s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, DKL looks like an impressive value stock at the moment.
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Is Delek Logistics Partners, L.P. (DKL) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Delek Logistics Partners, L.P. (DKL - Free Report) . DKL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 9.28, while its industry has an average P/E of 11.78. DKL's Forward P/E has been as high as 11.19 and as low as 8.99, with a median of 10.19, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. DKL has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.59.
Finally, investors should note that DKL has a P/CF ratio of 5.87. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. DKL's current P/CF looks attractive when compared to its industry's average P/CF of 7.83. DKL's P/CF has been as high as 7.83 and as low as 5.56, with a median of 6.29, all within the past year.
These are only a few of the key metrics included in Delek Logistics Partners, L.P.'s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, DKL looks like an impressive value stock at the moment.