DHT (NYSE:DHT) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has a $5.00 target price on the shipping company’s stock. Morgan Stanley’s target price points to a potential upside of 32.28% from the company’s previous close.
Several other research firms also recently weighed in on DHT. Zacks Investment Research downgraded shares of DHT from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine downgraded shares of DHT from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Jefferies Group started coverage on shares of DHT in a report on Monday, December 18th. They set a “buy” rating and a $6.00 price target for the company. Maxim Group set a $7.00 price target on shares of DHT and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, TheStreet upgraded shares of DHT from a “d+” rating to a “c-” rating in a report on Monday, November 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. DHT currently has an average rating of “Hold” and a consensus price target of $5.75.
DHT (NYSE:DHT) traded up $0.17 during trading hours on Monday, reaching $3.78. 902,933 shares of the company’s stock traded hands, compared to its average volume of 1,054,836. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.01 and a quick ratio of 1.65. DHT has a 52-week low of $3.27 and a 52-week high of $5.20. The stock has a market cap of $514.13, a P/E ratio of 37.80 and a beta of 0.78.
DHT (NYSE:DHT) last posted its earnings results on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). DHT had a net margin of 1.86% and a return on equity of 1.61%. The firm had revenue of $56.60 million during the quarter, compared to the consensus estimate of $55.82 million. During the same period last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. sell-side analysts predict that DHT will post -0.17 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of DHT by 4.5% during the fourth quarter. BlackRock Inc. now owns 4,045,157 shares of the shipping company’s stock worth $14,522,000 after buying an additional 174,219 shares in the last quarter. State Street Corp grew its holdings in shares of DHT by 15.7% during the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock worth $9,911,000 after buying an additional 323,923 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of DHT by 1.7% during the third quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock worth $3,903,000 after buying an additional 15,950 shares in the last quarter. Boston Partners purchased a new stake in shares of DHT during the fourth quarter worth about $3,245,000. Finally, State of Wisconsin Investment Board grew its holdings in shares of DHT by 63.9% during the third quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock worth $3,587,000 after buying an additional 351,300 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.
DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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