Maxim Group Analysts Give DHT Holdings, Inc. (DHT) a $7.00 Price Target
A number of other equities analysts have also recently issued reports on the company. Jefferies Group LLC restated a buy rating on shares of DHT Holdings in a report on Thursday, October 19th. ValuEngine upgraded DHT Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Zacks Investment Research upgraded DHT Holdings from a sell rating to a hold rating in a report on Monday, July 24th. Stifel Nicolaus set a $5.00 target price on DHT Holdings and gave the stock a hold rating in a report on Wednesday, August 9th. Finally, BidaskClub cut DHT Holdings from a hold rating to a sell rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. DHT Holdings has an average rating of Hold and an average price target of $6.00.
Shares of DHT Holdings (DHT) traded up $0.05 during midday trading on Tuesday, reaching $3.92. 338,869 shares of the company traded hands, compared to its average volume of 1,099,654. 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 company has a market capitalization of $550.88, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 4.62 and a beta of 0.95. DHT Holdings has a 12 month low of $3.44 and a 12 month high of $5.20.
DHT Holdings (NYSE:DHT) last announced its earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. DHT Holdings had a return on equity of 5.09% and a net margin of 9.68%. The firm had revenue of $54.80 million for the quarter, compared to the consensus estimate of $50.43 million. During the same quarter in the previous year, the business earned ($0.81) EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. analysts predict that DHT Holdings will post 0.16 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.04%. DHT Holdings’s dividend payout ratio is -17.78%.
Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its holdings in shares of 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 buying an additional 260 shares in the last quarter. American International Group Inc. grew its holdings in shares of 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 buying an additional 3,744 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of DHT Holdings by 16.8% during the second quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after buying an additional 6,737 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of DHT Holdings by 11.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after buying an additional 7,388 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of DHT Holdings by 87.1% during the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after buying an additional 12,407 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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