DHT Holdings, Inc. (DHT) Receives $6.00 Consensus Target Price from Analysts
DHT Holdings, Inc. (NYSE:DHT) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.00.
Several equities research analysts have recently weighed in on the company. Maxim Group set a $7.00 price objective on DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $5.00 price objective on DHT Holdings and gave the company a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub lowered DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
DHT Holdings (NYSE:DHT) opened at 4.05 on Wednesday. The company’s 50-day moving average price is $3.94 and its 200-day moving average price is $4.18. The firm’s market cap is $576.51 million. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.20.
DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. DHT Holdings had a positive return on equity of 6.07% and a negative net margin of 12.48%. The company had revenue of $59.63 million for the quarter, compared to analyst estimates of $58.47 million. Analysts predict that DHT Holdings will post $0.23 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board bought a new stake in DHT Holdings during the 2nd quarter worth approximately $2,283,000. Marshall Wace North America L.P. bought a new stake in DHT Holdings during the 2nd quarter worth approximately $1,996,000. Morgan Stanley grew its position in DHT Holdings by 2.8% during the 1st quarter. Morgan Stanley now owns 1,212,305 shares of the shipping company’s stock worth $5,419,000 after acquiring an additional 32,683 shares during the last quarter. Kennedy Capital Management Inc. grew its position in DHT Holdings by 86.8% during the 1st quarter. Kennedy Capital Management Inc. now owns 843,070 shares of the shipping company’s stock worth $3,769,000 after acquiring an additional 391,699 shares during the last quarter. Finally, Engineers Gate Manager LP grew its position in DHT Holdings by 195.4% during the 2nd quarter. Engineers Gate Manager LP now owns 97,538 shares of the shipping company’s stock worth $405,000 after acquiring an additional 64,522 shares during the last quarter. Institutional investors and hedge funds own 33.87% 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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