DHT Holdings, Inc. (DHT) Given a $7.00 Price Target by Maxim Group Analysts
DHT Holdings, Inc. (NYSE:DHT) has been given a $7.00 target price by Maxim Group in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the shipping company’s stock. Maxim Group’s target price points to a potential upside of 86.67% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on DHT. Zacks Investment Research raised shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 target price on shares of DHT Holdings in a research note on Monday, April 24th. TheStreet cut shares of DHT Holdings from a “c” rating to a “d+” rating in a research note on Monday, May 8th. ValuEngine cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $5.25 target price on shares of DHT Holdings in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.75.
DHT Holdings (DHT) traded down 5.54% during midday trading on Wednesday, reaching $3.75. 1,487,706 shares of the company were exchanged. The stock’s market capitalization is $354.83 million. DHT Holdings has a 52 week low of $3.29 and a 52 week high of $5.47. The firm’s 50 day moving average price is $4.14 and its 200-day moving average price is $4.47.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. DHT Holdings had a negative net margin of 2.47% and a positive return on equity of 10.84%. The firm had revenue of $59.63 million for the quarter, compared to analysts’ expectations of $58.47 million. Equities analysts forecast that DHT Holdings will post $0.18 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after buying an additional 260 shares during the period. FNY Partners Fund LP purchased a new position in shares of DHT Holdings during the first quarter valued at $111,000. Bank of America Corp DE boosted its position in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after buying an additional 12,407 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of DHT Holdings during the first quarter valued at $146,000. Finally, Engineers Gate Manager LP purchased a new position in shares of DHT Holdings during the first quarter valued at $148,000. 53.11% of the stock is currently owned by institutional investors.
About DHT Holdings
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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