Shares of DHT Holdings Inc. (NYSE:DHT) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.33.
A number of equities analysts have recently issued reports on DHT shares. Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a report on Monday, August 29th. Wells Fargo & Co. started coverage on shares of DHT Holdings in a report on Monday, September 26th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Morgan Stanley downgraded shares of DHT Holdings from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $7.00 to $5.50 in a report on Thursday, August 25th. Finally, TheStreet downgraded shares of DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th.
Several large investors have recently added to or reduced their stakes in the company. Glendon Capital Management LP purchased a new stake in DHT Holdings during the second quarter valued at about $567,000. AJO LP boosted its stake in DHT Holdings by 40.2% in the second quarter. AJO LP now owns 1,886,459 shares of the company’s stock valued at $9,489,000 after buying an additional 540,804 shares in the last quarter. Prudential Financial Inc. boosted its stake in DHT Holdings by 99.6% in the second quarter. Prudential Financial Inc. now owns 1,034,100 shares of the company’s stock valued at $5,202,000 after buying an additional 516,100 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in DHT Holdings during the first quarter valued at about $2,869,000. Finally, Allianz Asset Management AG boosted its stake in DHT Holdings by 34.2% in the second quarter. Allianz Asset Management AG now owns 1,945,209 shares of the company’s stock valued at $9,785,000 after buying an additional 496,095 shares in the last quarter. 67.66% of the stock is currently owned by institutional investors.
DHT Holdings (NYSE:DHT) opened at 4.21 on Monday. The firm’s 50-day moving average is $4.25 and its 200-day moving average is $5.07. DHT Holdings has a 52 week low of $4.00 and a 52 week high of $8.47. The stock has a market capitalization of $393.07 million, a P/E ratio of 3.45 and a beta of 1.00.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. The company earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. DHT Holdings’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, equities research analysts predict that DHT Holdings will post $1.02 EPS for the current fiscal year.