How Wall Street Analysts View DHT Holdings
DHT Holdings (DHT) stock closed at $4.07 on September 22, 2017. The stock price is ~8.5% higher than the price at the beginning of the month. DHT Holdings is trading 21.7% lower than its 52-week high and 23.5% higher than its 52-week low.
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Although DHT Holdings stock has given a negative year-to-date return, it is still one of the best performers among its peers. Following are the YTD returns of crude tanker stocks on September 22, 2017.
- DHT Holdings: fell ~1.7%
- Teekay Tankers (TNK): fell ~27.4%
- Tsakos Energy Navigation (TNP): fell ~3.6%
- Nordic American Tankers (NAT): fell 37.4%
- Navios Maritime Midstream Partners (NAP): fell 30.2%
- Euronav (EURN): gave a 0% return.
According to Reuters, DHT Holdings has a consensus rating of ~2.5, which means a “buy.” In 2017, none of the analysts have revised their recommendations for the company. Of the 15 analysts that gave recommendations on DHT Holdings, one analyst gave a “strong buy” recommendation, and six analysts gave “buy” recommendations on DHT Holdings. Eight analysts gave “hold” ratings on the stock, and none of the analysts gave the company a “sell” or “strong sell.”
The consensus 12-month target price on DHT Holdings is $5.31. Compared to the price of $4.07 on September 22, 2017, the target price implies a potential upside of 30.5%.
In the next part of this series, we’ll examine analysts’ recommendations for Euronav (EURN).