DHT Holdings Inc (NYSE:DHT) Given Average Rating of “Buy” by Analysts

Shares of DHT Holdings Inc (NYSE:DHT) have been given a consensus rating of “Buy” by the nine research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.00.

A number of research firms recently issued reports on DHT. Zacks Investment Research lowered DHT from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI restated a “buy” rating and set a $8.00 price objective on shares of DHT in a research report on Thursday, August 8th. Finally, ValuEngine upgraded DHT from a “hold” rating to a “buy” rating in a research report on Monday, September 30th.

Shares of DHT opened at $7.47 on Monday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -29.88, a PEG ratio of 6.94 and a beta of 0.50. The stock has a 50 day moving average of $6.05 and a 200-day moving average of $5.63. The company has a current ratio of 1.29, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. DHT has a 52 week low of $3.60 and a 52 week high of $7.88.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 6th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03). DHT had a positive return on equity of 1.10% and a negative net margin of 0.54%. The business had revenue of $61.20 million during the quarter, compared to analyst estimates of $56.37 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The business’s revenue for the quarter was up 77.9% compared to the same quarter last year. On average, sell-side analysts predict that DHT will post 0.21 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in DHT. Royal Bank of Canada raised its stake in DHT by 581.6% during the 2nd quarter. Royal Bank of Canada now owns 4,546 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 3,879 shares in the last quarter. Founders Capital Management raised its stake in DHT by 100.0% during the 3rd quarter. Founders Capital Management now owns 5,000 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 2,500 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in DHT during the 2nd quarter valued at $51,000. Meeder Asset Management Inc. raised its stake in DHT by 2,556.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 11,156 shares of the shipping company’s stock valued at $66,000 after acquiring an additional 10,736 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in DHT by 551.5% during the 2nd quarter. Bank of Montreal Can now owns 11,714 shares of the shipping company’s stock valued at $69,000 after acquiring an additional 9,916 shares in the last quarter. Institutional investors and hedge funds own 42.72% of the company’s stock.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Analyst Recommendations for DHT (NYSE:DHT)

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