DHT Holdings, Inc. (DHT) Given a $5.00 Price Target by Stifel Nicolaus Analysts

DHT Holdings, Inc. (NYSE:DHT) has been assigned a $5.00 target price by investment analysts at Stifel Nicolaus in a report issued on Sunday. The brokerage presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 24.38% from the stock’s current price.

A number of other research firms also recently issued reports on DHT. ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. 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. BidaskClub downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of DHT Holdings in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.00.

Shares of DHT Holdings (NYSE DHT) opened at 4.02 on Friday. The company’s market cap is $572.23 million. DHT Holdings has a one year low of $3.29 and a one year high of $5.20. The stock’s 50 day moving average is $3.99 and its 200-day moving average is $4.15.

DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, topping 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. Equities research analysts expect 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 modified their holdings of DHT. SG Americas Securities LLC boosted its position in DHT Holdings by 4.0% during the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock valued at $159,000 after purchasing an additional 1,360 shares in the last quarter. American International Group Inc. boosted its position in DHT Holdings by 7.1% during the first quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock valued at $253,000 after purchasing an additional 3,744 shares in the last quarter. Alliancebernstein L.P. boosted its position in DHT Holdings by 525.0% during the first quarter. Alliancebernstein L.P. now owns 773,780 shares of the shipping company’s stock valued at $3,459,000 after purchasing an additional 649,980 shares in the last quarter. Wellington Management Group LLP bought a new stake in DHT Holdings during the first quarter valued at about $146,000. Finally, Legal & General Group Plc boosted its position in DHT Holdings by 1.1% during the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after purchasing an additional 260 shares in the last quarter. 33.58% of the stock is currently owned by institutional investors.

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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