DHT Holdings Inc (DHT) concluded trading on 01/11/24 at a closing price of $10.71, with 2.75 million shares of worth about $29.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.47% during that period and on Thursday the price saw a gain of about 1.13%. Currently the company’s common shares owned by public are about 162.65M shares, out of which, 135.38M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the DHT stock and their offered price forecasts bring an average price target of $12.97. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.20 and could fall to a lowest price of $10.00. The stock’s current price level is 17.11% above of average price target set by the analysts, while a rise to estimated low would result in loss of -7.1% for the stock. However, touching the estimated high of $16.20 would mean a gain of 33.89% for the stock.
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DHT Holdings Inc (NYSE: DHT) started trading at $10.53, below -$0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 10.73, or with a gain of 1.13%. Stock saw a price change of 3.88% in past 5 days and over the past one month there was a price change of 11.21%. Year-to-date (YTD), DHT shares are showing a performance of 9.17% which increased to 21.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.30 but also hit the highest price of $12.13 during that period. The average intraday trading volume for DHT Holdings Inc shares is 2.59 million. The stock is currently trading 5.18% above its 20-day simple moving average (SMA20), while that difference is up 4.23% for SMA50 and it goes to 12.25% higher than SMA200.
DHT Holdings Inc (NYSE: DHT) currently have 162.65M outstanding shares and institutions hold larger chunk of about 60.06% of that.
The stock has a current market capitalization of $1.74B and its 3Y-monthly beta is at -0.34. PE ratio of stock for trailing 12 months is 9.27, while it has posted earnings per share of $1.15 in the same period. Its PEG reads 1.85 and has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DHT, volatility over the week remained 3.49% while standing at 3.17% over the month.
Analysts are in expectations that DHT Holdings Inc (DHT) stock would likely to be making an EPS of $0.25 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $1.6 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 536.83% while it is estimated to increase by 90.72% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 49.51% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the DHT Holdings Inc (DHT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.40. Out of those 10 Wall Street analysts, 8 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on October 19, 2023 offering a Hold rating for the stock and assigned a target price of $11 to it.
