Brokerages Set DHT Holdings, Inc. (NYSE:DHT) PT at $12.94

DHT Holdings, Inc. (NYSE:DHT) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.94.

A number of brokerages have commented on DHT. Evercore ISI lowered their target price on DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group restated a “buy” rating and issued a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th.

Institutional Trading of DHT

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock worth $25,000 after acquiring an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after purchasing an additional 1,265 shares during the last quarter. CWM LLC lifted its position in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock worth $32,000 after purchasing an additional 2,116 shares during the last quarter. Spire Wealth Management acquired a new position in shares of DHT during the 4th quarter worth about $36,000. Finally, Banque Transatlantique SA acquired a new position in shares of DHT during the 4th quarter worth about $37,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT stock opened at $11.77 on Wednesday. DHT has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.50 and a beta of -0.06. The stock’s fifty day simple moving average is $10.58 and its 200-day simple moving average is $10.39.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. The firm had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s quarterly revenue was down 25.4% compared to the same quarter last year. On average, sell-side analysts predict that DHT will post 0.94 earnings per share for the current fiscal year.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.