Brokerages Set DHT Holdings Inc. (DHT) Target Price at $8.33
Shares of DHT Holdings Inc. (NYSE:DHT) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $8.33.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Jefferies Group reissued a “buy” rating on shares of DHT Holdings in a report on Monday, August 22nd. TheStreet cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th. Finally, Wells Fargo & Co. began coverage on shares of DHT Holdings in a report on Monday, September 26th. They set a “market perform” rating for the company.
Hedge funds have recently added to or reduced their stakes in the stock. WealthTrust Axiom LLC purchased a new stake in DHT Holdings during the second quarter valued at approximately $102,000. Acrospire Investment Management LLC bought a new stake in shares of DHT Holdings during the first quarter valued at about $254,000. InterOcean Capital LLC raised its stake in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock valued at $276,000 after buying an additional 1,150 shares during the period. Zacks Investment Management bought a new stake in shares of DHT Holdings during the second quarter valued at about $277,000. Finally, Carleon Capital Partners LLC bought a new stake in shares of DHT Holdings during the second quarter valued at about $326,000. Institutional investors own 67.66% of the company’s stock.
Shares of DHT Holdings (NYSE:DHT) opened at 4.21 on Monday. The firm has a 50-day moving average of $4.25 and a 200 day moving average of $5.07. The stock has a market cap of $393.07 million, a PE ratio of 3.45 and a beta of 1.00. DHT Holdings has a 52 week low of $4.00 and a 52 week high of $8.47.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. The business earned $83.20 million during the quarter, compared to analysts’ expectations of $82.44 million. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. On average, equities analysts forecast that DHT Holdings will post $1.02 EPS for the current fiscal year.
About DHT Holdings
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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