DHT (NYSE:DHT) Given New $14.00 Price Target at Jefferies Financial Group

DHT (NYSE:DHT) had its target price hoisted by analysts at Jefferies Financial Group from $13.00 to $14.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the shipping company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.69% from the company’s current price.

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

DHT Stock Down 0.5 %

NYSE:DHT opened at $11.80 on Thursday. The stock has a 50-day simple moving average of $10.03 and a 200 day simple moving average of $10.61. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a market cap of $1.90 billion, a PE ratio of 11.80 and a beta of -0.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 27.72% and a return on equity of 15.58%. On average, sell-side analysts expect that DHT will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On DHT

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in DHT during the 4th quarter worth approximately $108,000. Oppenheimer & Co. Inc. acquired a new stake in shares of DHT during the fourth quarter worth $435,000. Millburn Ridgefield Corp bought a new stake in shares of DHT in the fourth quarter valued at about $145,000. Dividend Assets Capital LLC grew its stake in shares of DHT by 12.6% in the fourth quarter. Dividend Assets Capital LLC now owns 68,964 shares of the shipping company’s stock valued at $641,000 after acquiring an additional 7,699 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in DHT during the fourth quarter worth about $116,000. 58.53% of the stock is owned by institutional investors.

DHT Company Profile

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.