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Morgan Stanley Revised NAT and DHT’s Target Prices

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Jul. 26 2018, Updated 7:31 a.m. ET

Week 29 revisions

In week 29 (week ending July 20), Morgan Stanley revised the target prices for crude tanker companies.

On July 17, Morgan Stanley raised Nordic American Tankers’ (NAT) target price to $2.5 from $2.25. On the same day, Morgan Stanley raised DHT Holdings’ (DHT) target price to $5.5 from $5.

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Analysts’ ratings

  • Of the six analysts covering Nordic American Tankers (NAT), none of the analysts are bullish on Nordic American Tankers. Of the analysts, ~67% are neutral and recommend a “hold,” while 33% are bearish and recommend a “sell.” The consensus target price of $2.31 implies 1.28% downside to Nordic American Tankers’ current price of $2.34.
  • Of the six analysts covering Frontline (FRO), 33% are bullish and recommend a “buy,” ~33% are neutral, and 34% are bearish. The consensus target price of $5.32 implies 3.45% downside to Frontline’s current price of $5.5.
  • Of the ten analysts covering Euronav (EURN), 80% are bullish and 20% are bearish. The consensus target price of $10.89 implies 28.5% upside to Euronav’s current price of $8.47.
  • Of the eight analysts covering Teekay Tankers (TNK), 50% are bullish, 37% are neutral, and 13% are bearish. The consensus target price of $1.69 implies a 65.5% upside to Teekay Tankers’ current price of $1.02.
  • Of the 14 analysts covering DHT Holdings (DHT), 71% are bullish and 29% are neutral. The consensus target price of $5.35 implies 20.5% upside to DHT Holdings’ current price of $4.44.
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