DHT Holdings, Inc. (DHT) Receives $6.00 Average PT from Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $6.00.

A number of equities research analysts have issued reports on the company. Maxim Group set a $7.00 price objective on DHT Holdings and gave the company a “buy” rating in a research report 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 report on Wednesday, August 9th. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc raised its holdings 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 worth $110,000 after buying an additional 260 shares during the period. FNY Partners Fund LP purchased a new stake in shares of DHT Holdings in the first quarter worth approximately $111,000. Bank of America Corp DE raised its holdings 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 worth $119,000 after buying an additional 12,407 shares during the period. Wellington Management Group LLP purchased a new stake in shares of DHT Holdings in the first quarter worth approximately $146,000. Finally, SG Americas Securities LLC raised its holdings in shares of DHT Holdings by 4.0% in the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock worth $159,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 33.87% of the company’s stock.

DHT Holdings (NYSE:DHT) opened at 4.05 on Wednesday. The company’s market capitalization is $576.51 million. The company’s 50-day moving average price is $3.94 and its 200 day moving average price is $4.18. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.20.

DHT Holdings (NYSE:DHT) last issued its quarterly earnings data 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 positive return on equity of 6.07% and a negative net margin of 12.48%. The business had revenue of $59.63 million for the quarter, compared to the consensus estimate of $58.47 million. On average, equities analysts expect that DHT Holdings will post $0.23 EPS for the current fiscal year.

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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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