DHT (NYSE:DHT) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

DHT (NYSE:DHT) had its target price increased by Jefferies Financial Group from $13.00 to $14.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the shipping company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 18.69% from the company’s previous close.

A number of other equities research analysts have also commented on the company. BTIG Research assumed coverage on DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target for the company. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a report on Thursday, December 12th. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.54.

DHT Stock Down 0.5 %

Shares of NYSE:DHT opened at $11.80 on Thursday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.80 and a beta of -0.39. The business’s 50-day moving average is $10.03 and its 200-day moving average is $10.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. DHT has a 1 year low of $8.67 and a 1 year high of $12.80.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 27.72% and a return on equity of 15.58%. Equities research analysts predict that DHT will post 1 earnings per share for the current year.

Institutional Investors Weigh In On DHT

Large investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in DHT during the third quarter worth about $611,000. Barclays PLC lifted its stake in shares of DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock valued at $2,083,000 after buying an additional 131,551 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in DHT by 1,144.6% in the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after buying an additional 624,266 shares during the period. Quantbot Technologies LP grew its stake in DHT by 107.4% in the 3rd quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock valued at $2,272,000 after buying an additional 106,683 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in DHT during the 3rd quarter valued at $2,611,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

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.