DHT Holdings, Inc. (DHT) Given a $5.00 Price Target at Stifel Nicolaus
DHT Holdings, Inc. (NYSE:DHT) received a $5.00 price target from equities researchers at Stifel Nicolaus in a report released on Wednesday. The brokerage presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 33.33% from the company’s previous close.
A number of other research firms also recently issued reports on DHT. Maxim Group set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of DHT Holdings in a research report on Monday, April 24th. Zacks Investment Research cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. TheStreet cut shares of DHT Holdings from a “c” rating to a “d+” rating in a research report on Monday, May 8th. Finally, ValuEngine cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.70.
DHT Holdings (DHT) opened at 3.75 on Wednesday. The stock has a 50 day moving average of $4.15 and a 200 day moving average of $4.47. DHT Holdings has a one year low of $3.29 and a one year high of $5.47. The firm’s market capitalization is $354.83 million.
DHT Holdings (NYSE:DHT) last released its 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 12.48% and a positive return on equity of 6.65%. The firm had revenue of $59.63 million during the quarter, compared to the consensus estimate of $58.47 million. Analysts forecast that DHT Holdings will post $0.21 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in 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 last quarter. FNY Partners Fund LP acquired a new stake in DHT Holdings during the first quarter valued at $111,000. Bank of America Corp DE raised its stake in 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 acquired a new stake in DHT Holdings during the first quarter valued at $146,000. Finally, Engineers Gate Manager LP acquired a new stake in DHT Holdings during the first quarter valued at $148,000. Hedge funds and other institutional investors own 53.11% of the company’s stock.
DHT Holdings Company Profile
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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