DHT Holdings, Inc. (NYSE:DHT) has been assigned a $7.00 price objective by equities researchers at Maxim Group in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the shipping company’s stock. Maxim Group’s target price would indicate a potential upside of 70.73% from the company’s previous close.
Several other equities research analysts also recently issued reports on DHT. Zacks Investment Research raised shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and set a $6.00 price objective on shares of DHT Holdings in a research report on Monday, April 24th. TheStreet downgraded shares of DHT Holdings from a “c” rating to a “d+” rating in a research report on Monday, May 8th. ValuEngine downgraded shares of DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $5.25 price objective on shares of DHT Holdings in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. DHT Holdings has a consensus rating of “Hold” and an average price target of $5.75.
Shares of DHT Holdings (NYSE DHT) traded up 3.80% during midday trading on Thursday, hitting $4.10. 378,989 shares of the company’s stock were exchanged. The company has a 50-day moving average of $4.13 and a 200-day moving average of $4.48. DHT Holdings has a 52 week low of $3.29 and a 52 week high of $5.47. The firm’s market cap is $387.95 million.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of DHT Holdings by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 7,838,331 shares of the shipping company’s stock valued at $35,037,000 after buying an additional 172,294 shares in the last quarter. State Street Corp increased its stake in shares of DHT Holdings by 5.6% in the fourth quarter. State Street Corp now owns 1,738,488 shares of the shipping company’s stock valued at $7,199,000 after buying an additional 92,180 shares in the last quarter. Canyon Capital Advisors LLC bought a new stake in shares of DHT Holdings during the first quarter valued at about $7,620,000. Morgan Stanley increased its stake in shares of DHT Holdings by 2.8% in the first quarter. Morgan Stanley now owns 1,212,305 shares of the shipping company’s stock valued at $5,419,000 after buying an additional 32,683 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in shares of DHT Holdings by 86.8% in the first quarter. Kennedy Capital Management Inc. now owns 843,070 shares of the shipping company’s stock valued at $3,769,000 after buying an additional 391,699 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.
About DHT Holdings
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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