Analysts Set DHT Holdings Inc. (DHT) Price Target at $8.33
Shares of DHT Holdings Inc. (NYSE:DHT) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.33.
Several research firms have issued reports on DHT. Morgan Stanley lowered shares of DHT Holdings from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $7.00 to $5.50 in a research report on Thursday, August 25th. Wells Fargo & Co. began coverage on shares of DHT Holdings in a research report on Monday, September 26th. They issued a “market perform” rating on the stock. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a research report on Monday, September 12th. TheStreet lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Finally, Zacks Investment Research lowered shares of DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday.
DHT Holdings (NYSE:DHT) opened at 4.20 on Monday. The firm’s 50 day moving average price is $4.23 and its 200-day moving average price is $5.05. DHT Holdings has a 52 week low of $4.00 and a 52 week high of $8.40. The stock has a market cap of $392.14 million, a price-to-earnings ratio of 3.44 and a beta of 1.00.
DHT Holdings (NYSE:DHT) last announced its earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The firm had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $82.44 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts expect that DHT Holdings will post $1.02 EPS for the current year.
Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC raised its stake in shares of DHT Holdings by 20.7% in the second quarter. Wolverine Asset Management LLC now owns 121,200 shares of the company’s stock worth $609,000 after buying an additional 20,800 shares during the period. M Holdings Securities Inc. raised its stake in shares of DHT Holdings by 153.7% in the second quarter. M Holdings Securities Inc. now owns 170,000 shares of the company’s stock worth $855,000 after buying an additional 103,000 shares during the period. Sterneck Capital Management LLC bought a new stake in shares of DHT Holdings during the second quarter worth about $1,156,000. GLG Partners LP raised its stake in shares of DHT Holdings by 52.5% in the second quarter. GLG Partners LP now owns 376,272 shares of the company’s stock worth $1,893,000 after buying an additional 129,488 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in shares of DHT Holdings during the second quarter worth about $1,740,000. 67.66% of the stock is owned by institutional investors.
DHT Holdings Company Profile
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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