DHT Holdings, Inc. (DHT) Rating Reiterated by Stifel Nicolaus

DHT Holdings, Inc. (NYSE:DHT)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $5.25 price target on the shipping company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 22.38% from the company’s current price.

Other research analysts have also issued reports about the stock. Maxim Group boosted their price objective on shares of DHT Holdings from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Friday, April 21st. Zacks Investment Research upgraded shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, April 19th. Jefferies Group LLC restated a “buy” rating and set a $6.00 price objective on shares of DHT Holdings in a research note on Monday, April 24th. TheStreet lowered shares of DHT Holdings from a “c” rating to a “d+” rating in a research note on Monday, May 8th. Finally, ValuEngine lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.75.

Shares of DHT Holdings (NYSE:DHT) opened at 4.29 on Friday. The firm’s market capitalization is $405.93 million. DHT Holdings has a 12 month low of $3.29 and a 12 month high of $5.47. The stock has a 50 day moving average price of $4.16 and a 200 day moving average price of $4.45.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after buying an additional 260 shares during the period. FNY Partners Fund LP bought a new position in shares of DHT Holdings during the first quarter worth approximately $111,000. Bank of America Corp DE raised its position in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares during the period. Wellington Management Group LLP bought a new position in shares of DHT Holdings during the first quarter worth approximately $146,000. Finally, Engineers Gate Manager LP bought a new position in shares of DHT Holdings during the first quarter worth approximately $148,000. Institutional investors own 53.35% of the company’s stock.

DHT Holdings Company Profile

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.

Analyst Recommendations for DHT Holdings (NYSE:DHT)

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