A share price of DHT Holdings Inc [DHT] is currently trading at $11.29, down -0.70%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DHT shares have lost -1.91% over the last week, with a monthly amount glided 1.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
DHT Holdings Inc [NYSE: DHT] stock has seen the most recent analyst activity on March 21, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $14 from $11. Previously, Stifel downgraded its rating to Hold on October 19, 2023, and kept the price target unchanged to $11. On May 04, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $10 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $9 on July 21, 2022. Stifel upgraded its rating to Buy for this stock on August 11, 2021, and upped its price target to $7. In a note dated August 11, 2021, H.C. Wainwright upgraded an Buy rating on this stock and boosted its target price from $7.50 to $8.
DHT Holdings Inc experienced fluctuations in its stock price throughout the past year between $7.30 and $11.95. Currently, Wall Street analysts expect the stock to reach $17.13 within the next 12 months. DHT Holdings Inc [NYSE: DHT] shares were valued at $11.29 at the most recent close of the market. An investor can expect a potential return of 51.73% based on the average DHT price forecast.
Analyzing the DHT fundamentals
Trailing Twelve Months sales for DHT Holdings Inc [NYSE:DHT] were 556.08M which represents -14.55% decline. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.16 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.16 points at the first support level, and at 11.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.49, and for the 2nd resistance point, it is at 11.69.
Ratios To Look Out For
To put it in perspective, the Current Ratio for DHT Holdings Inc [NYSE:DHT] is 3.54. As well, the Quick Ratio is 2.94, while the Cash Ratio is 1.32. Considering the valuation of this stock, the price to sales ratio is 3.27, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 11.37.
