DHT Holdings, Inc. (DHT) Given a $7.00 Price Target at Maxim Group

DHT Holdings, Inc. (NYSE:DHT) has been assigned a $7.00 price objective by equities researchers at Maxim Group in a report released on Tuesday. The brokerage currently has a “buy” rating on the shipping company’s stock. Maxim Group’s price target would indicate a potential upside of 80.88% from the company’s previous close.

Several other equities research analysts have also commented on DHT. 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. Stifel Nicolaus set a $5.00 price objective on DHT Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 9th. ValuEngine lowered DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating on shares of DHT Holdings in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.00.

DHT Holdings (NYSE:DHT) traded down $0.10 during trading hours on Tuesday, hitting $3.87. The stock had a trading volume of 1,193,300 shares, compared to its average volume of 1,104,192. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $536.65, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 4.86 and a beta of 0.95. DHT Holdings has a 52-week low of $3.44 and a 52-week high of $5.20.

DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The firm had revenue of $54.80 million during the quarter, compared to analyst estimates of $50.43 million. DHT Holdings had a positive return on equity of 6.07% and a negative net margin of 12.48%. DHT Holdings’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.81) EPS. research analysts anticipate that DHT Holdings will post 0.16 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of DHT. American International Group Inc. increased its stake in DHT Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock worth $253,000 after buying an additional 3,744 shares in the last quarter. Wellington Management Group LLP purchased a new stake in DHT Holdings in the 1st quarter worth $146,000. Legal & General Group Plc increased its stake in DHT Holdings by 1.1% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in DHT Holdings by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,838,331 shares of the shipping company’s stock worth $35,037,000 after buying an additional 172,294 shares in the last quarter. Finally, Morgan Stanley increased its stake in DHT Holdings by 2.8% in the 1st quarter. Morgan Stanley now owns 1,212,305 shares of the shipping company’s stock worth $5,419,000 after buying an additional 32,683 shares in the last quarter. Institutional investors and hedge funds own 34.33% 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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